The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in 19 days.

As a recipient of Social Security benefits, it's essential to be aware of the payment schedule to manage your finances effectively. In December 2024, retired workers made up about 70% of all Social Security beneficiaries,

February's Supplemental Security Income payments are scheduled to be distributed on Jan. 31 because Feb. 1 falls on a weekend.