Second round of January Social Security payments goes out today

The second round of January Social Security payments for retirees, now capped at $5,108, will be issued today.

Retirees born between the 11th and 20th of a month will receive this payment on Wednesday, Jan. 21. 

The first round of payments went out on Jan. 14 to recipients born on or before the 10th of a month, and a third round will go out on Jan. 28 to those born 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.