Today brings long-awaited news for millions of retirees — and a reminder that even good news can come with a catch.

Social Security recipients born between the 11th and 20th of the month receive their October payments today, with some checks reaching up to $5,108.

But all eyes are on what the government is expected to announce next.

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Fun Fact Of The Day

The largest-ever Social Security COLA increase was 14.3% in 1980 — a reflection of record inflation during that decade. In contrast, the smallest was zero, which happened three times between 2010 and 2016.