The first round of July Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, goes out to recipients on Wednesday. When does the check arrive? Social Security payments typically begin on the second Wednesday of every month,

Social Security is an important source of income for millions of retirees. However the program has a lot of ins and outs, and even longtime beneficiaries may not know them all. Here’s a look at some facts about Social Security that may surprise you.

July's second round of payments will soon be headed out to recipients. Here's the monthly payout schedule and how your payment date is determined.