Social Security payments are typically paid out starting on the 2nd Wednesday of the month. The remaining two payments will be paid out on the following two Wednesdays of the month. Which week you receive your payment depends on your birthdate. There is one big exception, which I'll cover below.

The second round of October’s Social Security payments, worth up to $4,873 for the highest-income earners who retire at 70, goes out to a group of retirees in four days. Here is everything you need to know about this month’s Social Security payments,

The annual COLA helps the roughly 67 million Social Security beneficiaries keep up with inflationary pressures.

More than 72.2 million Social Security recipients will see a 2.5% cost of living adjustment (COLA) in January 2025. The Social Security Administration expects this will result in an average increase of $50 a month for most recipients.

In case you missed it, here's what Retirement Daily published on Medicare and Social Security this week, and more.