


In four days, millions of Social Security recipients will receive their October retirement payments, worth up to $4,873 per check for those who retire at 70 years old.
Citizens who receive Social Security payments and were born from the 1st through the 10th of their birth month will receive their regular monthly check from the Social Security Administration on Oct. 9.
Regular Social Security payments issued by the SSA 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 an individual retires. Citizens are eligible for Social Security beginning at 62 years old but can earn more for their payment by waiting until later to retire.
Those who retired at the current retirement age, 67, receive a maximum check of $3,822, while those who retired at age 62 get up to $2,710, and those who delay their retirement to age 70 get the largest payment of $4,873 per month, according to the SSA.
The monthly payment schedule occurs in three waves, with all occurring on Wednesdays or Tuesdays if Wednesday is a federal holiday.
The distribution of checks is divided into three waves — by the days of the month a recipient was born. The second wave of payments will be sent out on Oct. 16 to those born on the 11th through the 20th of their birth month. The third wave of payments will be sent out on Oct. 23 to those born on the 21st through the 31st of their birth month.
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The monthly Social Security payments being sent out in the coming weeks 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.