The first round of July’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will be distributed in six days. Here is all you need to know about July’s Social Security payments.

Regular Social Security retirement benefits for the month of July will be sent out on the SSA’s usual schedule: Wednesday, July 9: Birth dates between the first and 10th of the month. Wednesday, July 16: Birth dates between the 11th and 20th of the month.

Some Americans will see their Social Security checks drop by 50% after the Social Security Administration announced in April that it would start withholding payments from recipients who were overpaid starting at the end of July. Here’s what you need to know about the new policy and how it will affect you.