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Update on Social Security: Millions will Receive Direct Payments of Up to $4,555 in 20 Days

In less than 3 weeks, beneficiaries with an age of at least 62 will start receiving the first batch of April’s Social Security retirement payments, which can be as much as $4,555.

Retirees who have been born during the first and tenth of the month would get the first installment of their April payouts on April 12, which is the 2nd Wednesday of the month. Retirement benefits are distributed in 3 waves, each of which relates to the 10 days of the month in which the person was born.

As per the Social Security Administration’s timetable, the 2nd wave is distributed on April 19 for people registered during the 11th and 20th of the month, and the last wave is distributed on the 26th for people born from the 21st and 31st.

Depending on the recipient’s retirement age, each recipient receives a different sum of money. For those who quit at 70, the most significant payout is up to $4,555 each month. As per the SSA, beneficiaries who left at 67 can get a maximum payment of $3,627 and those who retired at 62 can get a maximum check of $2,572.

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