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

The first wave of February’s three 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 one week.

Retired seniors born on or between the 1st and 10th of their birth month should receive their first payment of the month on Wednesday, Feb. 14, according to the Social Security Administration’s calendar. 

Retirees born on or after the 11th of their birth month will get payments in one of two later disbursements on Feb. 21 and Feb. 28. 

The amount each person receives can vary based on the age of recipients at the time of retirement, the amount they paid into Social Security, and the number of years they paid into the program. The
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