Millions of SSI, and SSDI recipients are set to receive their August Social Security payment on Wednesday. Here’s the full schedule, average amounts, and what to expect.

The check will no longer be in the mail. Social Security will only be paying benefits electronically. What you need to know before the change.

The age you begin taking Social Security will have a lifelong impact on the amount you receive each month. Filing as early as possible at age 62 will reduce your payments by up to 30%, while delaying past your full retirement age will earn you a bonus on top of your full benefit.