


Millions of Social Security beneficiaries will receive their retirement payments for the month of October, worth up to $4,873 per check for those who retire at 70 years old, in three days.
Social Security beneficiaries who were born from the first through the 10th of a month will receive their regular monthly checks from the Social Security Administration on Wednesday.
The monthly payment schedule for regular Social Security checks has three waves, all occurring on Wednesdays — or Tuesday if a Wednesday is a federal holiday.
The distribution of payments is divided by the days of the month a recipient was born into three waves. The second wave of checks will be sent out on Oct. 16 to those born on the 11th through the 20th of a month. The third wave of payments will be sent out on Oct. 23 to those born on the 21st through the 31st of a month.
Social Security payments are based on the earnings throughout a retiree’s life and have no limits based on income, but the amount each check is worth is dependent on the age when a person retires. Citizens are eligible for Social Security beginning at 62 years old but can earn more by waiting until later to retire.
Those who retire at 67 receive a maximum check of $3,822, while those who retire at 62 get up to $2,710, and those who delay their retirement to 70 get the largest payment of $4,873 per month, according to the Social Security Administration.
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The monthly Social Security payments are different from other checks given out by the SSA — such as disability insurance or Supplemental Security Income, which are sent out on a different schedule.
SSI payments are sent to recipients by the beginning of each month to those with debilitating disabilities that may affect their income.