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

The first round of May 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 May 14.

The second round will go out on May 21 to those born between the 11th and 20th of a month, and the third round will follow on May 28 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 Security.

Payments largely depend on a recipient’s retirement age. A beneficiary retiring at age 62 could receive up to $2,969 per month, while a 70-year-old retiree could