Social Security update: Third round of September payments worth $4,873 go out in three days

The third round of September’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at the maximum age of 70, will go out to the third group of retirees in three days.

Social Security payments typically begin on the second Wednesday of every month, and the following waves go out in the subsequent weeks. However, the schedule depends on when the beneficiary was born.

Retirees born between the 1st and 10th of the month receive their payments on Sept. 11. Beneficiaries born between the 11th and 20th of a month receive their checks on Sept. 18.

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Retirees born on or after the 21st of their birth month will receive their payments on Sept. 25.

U.S. citizens can begin claiming Social Security payments at 62 years old, but payments largely depend on recipients’ retirement age. Retiring at the youngest age, 62, allows up to $2,710 per month, while delaying retirement until age 70 can allot up to $4,873 per month.