{"id":859605,"date":"2026-08-16T00:44:19","date_gmt":"2026-08-16T00:44:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/859605\/"},"modified":"2026-08-16T00:44:19","modified_gmt":"2026-08-16T00:44:19","slug":"second-round-of-august-social-security-payments-goes-out-in-four-days","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/859605\/","title":{"rendered":"Second round of August Social Security payments goes out in four days"},"content":{"rendered":"<p>The second round of August Social Security payments for retirees, now capped at $5,181, will be issued in four days.<\/p>\n<p>The first round went out on Aug. 12 to those born between the 1st and 10th of a month, and the third round will go out on Aug. 26 to those born on or after the 21st of a month.<\/p>\n<p>When am I eligible?<\/p>\n<p class=\"wp-block-paragraph\">Citizens are eligible for Social Security payments beginning at age 62.<\/p>\n<p>How can I maximize my check?<\/p>\n<p class=\"wp-block-paragraph\">Social Security payment amounts are determined by several factors, including retirement age, the amount paid into Social Security, and the number of years paid into Social Security.<\/p>\n<p class=\"wp-block-paragraph\">Payments<a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https:\/\/www.ssa.gov\/news\/en\/cola\/factsheets\/2026.html\"> largely depend on a recipient\u2019s retirement age<\/a>. A beneficiary retiring at the youngest age, 62, could receive up to $2,969 per month, while a 70-year-old retiree could receive up to $5,181 per month, according to the Social Security Administration.<\/p>\n<p class=\"wp-block-paragraph\">Beneficiaries can see a personalized estimate of how much they could expect each month using the<a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https:\/\/www.ssa.gov\/benefits\/retirement\/planner\/AnypiaApplet.html\"> SSA\u2019s calculator<\/a>.<\/p>\n<p class=\"wp-block-paragraph\"><a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/4662182\/big-beautiful-bill-making-tax-cuts-permanent\/\">HOW THE BIG BEAUTIFUL BILL BECAME LAW: MAKING THE TAX CUTS PERMANENT<\/a><\/p>\n<p>How is it financed?<\/p>\n<p class=\"wp-block-paragraph\">Social Security is financed by a payroll tax paid for by employers and employees.<\/p>\n<p class=\"wp-block-paragraph\">Social Security payment amounts are set to shrink unless Congress takes action to prevent it. According to a report from trustees, the retirement fund is set to <a target=\"_blank\" rel=\"noopener noreferrer nofollow\" href=\"https:\/\/www.washingtonexaminer.com\/news\/4600748\/social-security-retirement-trust-fund-exhausted-2032-trustees\/\">run out by 2032<\/a> due to a rising number of retirees and a shrinking workforce.<\/p>\n","protected":false},"excerpt":{"rendered":"The second round of August Social Security payments for retirees, now capped at $5,181, will be issued in&hellip;\n","protected":false},"author":2,"featured_media":859606,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,134,131,132,1705,2438,2439],"class_list":["post-859605","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-finance","tag-money","tag-personal-finance","tag-personalfinance","tag-retirement","tag-social-security","tag-social-security-administration"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/859605","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=859605"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/859605\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/859606"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=859605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=859605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=859605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}