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Social Security update: Direct payments of up to $4,555 are being distributed to millions of people in 4 days

In 4 days, retirees might obtain the first of 3 Social Security retirement payouts for April, valued up to $4,555.

The initial set of payouts for April will be distributed on Wednesday, April 12. It will be given to beneficiaries who were born between the first and tenth of the month.

The 2nd set of payouts, for all those birthed between the 11th and 20th of the month, will be made available accurately a week later, on April 19. As per the SSA’s schedule, the last set will be sent to ones birthed just after the 21st of the month on the 26th.

The sum of cash each beneficiary receives is determined by their age at retirement. The highest monthly payout is $4,555 for qualified applicants who resigned at the age of 70. As per the Social Security Administration, beneficiaries who retire at 67 obtain a maximum check of $3,627, while those who retire at 62 obtain a maximum check of $2,572.

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