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

The first of April’s three Social Security payments, worth up to $4,873 for the highest income earners who retire at 70, will go out to a group of retirees in three days.

The payment will go out Wednesday to beneficiaries born on or before the 10th of a month, according to the Social Security Administration calendar.

People born on or after the 11th of a month will receive their checks in one of two later disbursements this month, on April 17 or April 24.

The maximum payment that a retiree can receive depends on certain factors, such as the amount they paid into Social Security, the number of years they paid into the program, and the age of retirement, which is the biggest factor.

The highest amount a senior who retires at
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