Checks worth up to $4,194 sent out after extra $200 payments arrive

THE first round of February’s increased Social Security benefit payments will be sent out this week. The new COLA checks will be sent out in three waves according to the recipient’s birth date — On February 9, 16, or 23. The cost-of-living adjustment (COLA) climbed to 5.9% beginning this year, impacting 64 million claimants. Last month, an extra $200 payment was made available for SSI claimants that received at least $3,389 per month in 2021. The maximum benefit for someone who retired at age 70 in 2021 was $3,895, but if you retire at age 70 in 2022, your maximum… Read Full Article