The first round 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 the first group of retirees in one week.
The payment will go out to beneficiaries on Wednesday, April 10, to people who were born on or between the first and 10th of the month, according to the Social Security Administration’s calendar. Those born on or after the 11th of their birth month will receive their checks in one of two later disbursements, on April 17 and April 24.
The maximum amount 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. But the age of retirement is the biggest factor.
The highest amount that …