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,

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.

If you happened to have been overpaid by the Social Security Administration (SSA), your check may smaller this month.