Social Security update: First round of February payments worth $4,873 goes out in 16 days

The start 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 16 days.

Retired seniors born on or between the 1st and 10th of their birth month should receive their payment for February on Wednesday, Feb. 14, according to the Social Security Administration’s calendar. 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 payments each month that go out a week apart, on the second, third, and fourth Wednesday of the month. The other two payments in February will be released on Feb. 21 and Feb. 28. Each recipient only gets one check.

The amount each person receives varies based on
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