Social Security update: Third round of March payments worth $4,873 goes out in one day

The last of March’s Social Security payments, worth up to $4,873 for the highest income earners who retire at 70, will go out to the third group of retirees in one day.

The payment will go out to beneficiaries on Wednesday, March 27, for those born on or after the 21st of the month, according to the Social Security Administration’s calendar. 

The maximum amount a retiree can receive depends 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 paid into the program. But the age of retirement is the biggest factor.

The highest amount that a senior who retires at 70 can get is $4,873 per month. If people retire at the Read more…

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