Here is everything you need to know about this month’s Social Security payments, which go out in three rounds.
What is it?
Former President Franklin D. Roosevelt signed the Social Security Act into law in 1935, and the Social Security Administration was created to manage it. The agency sends monthly checks to retirees to reduce or replace their incomes once they stop working.
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How can I maximize my check?
Beneficiaries receive different amounts depending on their retirement age, the amount they paid into Social Security, and the number of years they paid into Social Security.
Payments primarily depend on recipients’ retirement age. According to the SSA, retiring at the youngest age, 62, allows up to $2,710 per month, while delaying retirement until age 70 can allot
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