First round of February Social Security payments goes out in seven days

The first round of February Social Security payments for retirees, now capped at $5,108, will be issued in one week.

Retirees born on or before the 10th of a month will receive this payment on Feb. 11. 

The second round will go out on Feb. 18 to those born between the 11th and 20th of a month, and the third round will follow on Feb. 25 to those born on or after the 21st of a month.

When am I eligible?

Citizens are eligible for Social Security payments beginning at 62 years old.

How can I maximize my check?

Social Security payment amounts are determined by several factors, including age of retirement, the amount paid into Social Security, and the number of years paid into Social