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

The first round of June Social Security payments for retirees, now capped at $5,181, will be issued in seven days.

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

The second round will go out on June 17 to those born between the 11th and 20th of a month, and the third round will go out on June 24 to those born on or after the 21st of a month.

When am I eligible?

Citizens are eligible for Social Security payments beginning at age 62.

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 Security

Payments largely depend on a recipient’s retirement age. A beneficiary retiring at the youngest age, 62, could receive up to $2,969 per month, while