The new Social Security payments for retirees aged 70 and above, now capped at $5,108, go out in four days.

When will the checks arrive?

Social Security payments are scheduled to begin on the second Wednesday of every month and continue in waves on a weekly basis. The payment date is determined by the day of the month a retiree was born.

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Retirees born between the first and 10th of a month will receive the first round of payments on Aug. 13.

The second round of payments will go out on Aug. 20 to retirees born between the 11th and 20th, and the third roun

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