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Second wave of Social Security checks hit this week
New York Post • • business
Key Points:
- The second round of Social Security payments will be deposited on July 15 for beneficiaries born between the 2nd and 11th of the month, following the SSA’s payment schedule based on birth dates.
- Social Security benefits vary depending on earnings history, retirement age, and retirement year; for 2026, retiring at full retirement age yields $4,152 monthly, early retirement at 62 yields $2,969, and delaying until 70 yields $5,181.
- Early claiming can reduce benefits by up to 30%, but may be necessary due to health or job market issues, while waiting until full retirement age or later increases monthly payments significantly.
- The Social Security break-even calculator helps individuals estimate the optimal age to claim benefits based on their earnings and retirement plans, though it does not account for factors like life expectancy or inflation.
