Social Security update: Third round of January payments worth $4,873 goes out in four days

The third round of January Social Security payments, worth up to $4,873 for top earners who retire at 70, will go out to the final group of retirees in four days.

Retired seniors born on or after the 21st of a month can expect their first payment of 2024 to arrive on Jan. 24. Those born on or between the 1st and 20th of a month should have received their payments in an earlier disbursement.

The amount each person gets can vary based on their age at the time of retirement, the amount paid into Social Security, and the number of years paid into the program. However, the age at which recipients retire is the biggest factor in determining the maximum a person can receive.

The highest amount that a senior
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