Social Security update: Second round of February payments worth $4,873 goes out on Wednesday

The second wave of February’s three Social Security payments, worth up to $4,873 for the highest earners who retire at 70, went out to retirees on Wednesday. 

Retired seniors born on or between the 11th and 20th of their birth month should have received the second payment on Wednesday, Feb. 21, according to the Social Security Administration’s calendar. 

Retirees born on or after the 21st of the month will get their payment next week, on Wednesday, Feb. 28, while those born between the 1st and 10th of the month have already received theirs.

The maximum amount each person can receive varies depending on certain factors, such as their age at the time of retirement, the amount they paid into Social Security, and the number of years they
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