Third round of May Social Security payments goes out in four days

The third round of May Social Security payments for retirees, now capped at $5,181, will be issued in four days.

Retirees born on or after the 21st of a month will receive this payment on May 27.

The first round went out on May 13 to those born on or before the 10th of a month, and the second round went out on May 20 to those born between the 11th and 20th 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 a 70-year-old retiree