Social Security update: First round of February payments worth $4,873 goes out in 20 days

The initial round of February’s Social Security payments, worth up to $4,873 for top earners who retire at 70, will go out to the first group of retirees in just under three weeks.

Retired seniors born on or between the 1st and 10th of their birth month should receive their first payment of February in 20 days, on Wednesday, Feb. 14, according to the Social Security Administration’s schedule. Retirees born on or after the 11th of their birth month should receive their payments in one of two later disbursements.

There are three waves of the payments every month, which go out on the second, third, and fourth Wednesday of each month. The other two payments will be released on Feb. 21 and Feb. 28.

The amount each person gets can vary
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