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 just one day.
The payment will go out on Wednesday, April 10, to beneficiaries who were born on or before the 10th of the month, according to the Social Security Administration’s calendar.
People born on or after the 11th of their birth month will receive their checks in one of two later disbursements this month, on Wednesday, April 17, or Wednesday, April 24.
The maximum payment that 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.
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