The first round of January’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at age 70, will go out to the first group of retirees Wednesday. Here is all you need to know about this month’s Social Security payments,

Social Security's 2025 cost-of-living adjustment (COLA) took effect in January. Benefits will increase 2.5% this year, the smallest pay bump for seniors since 2021. Indeed, more than half of retired workers surveyed by The Motley Fool in October said the COLA was insufficient.

Filers who retire at 67 receive a maximum check of $3,822, while those who retire at 62 get up to $2,710. Beneficiaries who delay their retirement to 70 get the largest payment of $4,873 per month, according to the Social Security Administration.

Here is the January Social Security payment schedule for retirement, disability, and survivor beneficiaries, as well as those who receive Supplemental Security Income (SSI).

The first round of Social Security retirement benefits for 2025 will be paid this week. Social Security benefits form the bedrock of retirement income for millions of older Americans. January 2025 marks the first month of boosted benefits for this year due to the Cost of Living Adjustment (COLA),

The age you file for benefits will directly affect your monthly payments. Delaying until 70 will earn you the highest possible monthly checks, but there are drawbacks to consider, too. In some cases,