In 3 days, millions of seniors who have retired will receive the first of their 3 December Social Security waves, which are valued up to $4,555 for people who retire at age 70.
On Wednesdays, retirees who were born in a month that falls between the 1st and the tenth will get their benefits. Payments will be made in 2 installments, on December 20 and December 27, to recipients born on or before the eleventh and the thirty-first of a given month. Payments from Social Security are divided according to the recipient’s birth month.
A retiree’s exact benefits are determined by a variety of criteria, such as the amount and duration of their Social Security contributions.