Upcoming Social Security Payments for Seniors Begin in 10 Days

The upcoming disbursement of Social Security benefits for seniors aged 70 and older, with a maximum of $5,108, is scheduled to occur in ten days. When should recipients expect their checks? Payments are issued starting on the second Wednesday of each month, with subsequent waves occurring weekly. The specific payment date depends on the retiree's birth date. Those born between the 1st and 10th of the month will receive their benefits on August 13. The second batch will be distributed on August 20 to individuals born from the 11th to the 20th, while the third batch on August 27 will go to those born on or after the 21st. Who qualifies? Eligibility for Social Security benefits begins at age 62. How can beneficiaries increase their monthly payments? Factors influencing payment amounts include retirement age, total contributions to Social Security, and years of work history. Typically, retiring at 62 can yield up to $2,831 per month, whereas delaying until age 70 can increase benefits to approximately $5,108, as per SSA data. Personalized estimates are available via the SSA’s online calculator. Additional news: The TV show South Park is preparing to parody President Trump’s alleged re...