Social Security benefits make up a significant portion of income for millions of retirees. In fact, nearly one in four workers say that Social Security will be their primary income source in retirement, according to a 2022 survey from the Transamerica Center for Retirement Studies.

There's one key change coming to Social Security in 2023, however, and it could impact your benefits by hundreds of dollars per month. Here's why all retirees on Social Security should mark their calendars for Oct. 13.

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Source Fool.com