$4,555 Goes Out to Millions in 13 Days: Social Security Update on Direct Cash Payment

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Retirees to receive up to $4,555 in August after delaying retirement until their 70s.

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Payments begin on Aug. 9 for those born between 1st and 10th, followed by Aug. 16 and 23 for other birth dates.

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Additional payments on Aug. 3 for recipients outside the U.S. and those on Supplemental Security Income.

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Maximum amount varies based on age at retirement, years of contributions, and program payments.

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Monthly installments of up to $2,572 for retirees at age 62.

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Full retirement age at 67 receives a maximum benefit of $3,627 per month.

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Delayed retirement until 70 offers the highest payment of $4,555 per month.

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Social Security's future uncertain; recipients may face reduced payments after 2034 without funding solution.

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Salad with Greek Chicken and Bread

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