The third round of August Social Security payments for retirees aged 70 and above, now capped at $5,108, goes out today.

When will 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 on or after the 21st of a month will receive this third payment round on Aug. 27.

The first round of payments already went out on Aug. 13 to retirees born between the first and 10th, and the secon

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