Good new for many senior Americans.

Social Security benefits are increasing by the largest percentage in more than 25 years.

The 5.8 percent increase, set to take effect in January, will add $63 to the monthly check of an average recipient.

That might not sound like much, but it’s a bigger hike than many have seen before. The last increase, back in January of this year, was only 2.3 percent. In all but three of the past 15 years annual cost of living increase have been below 3 percent.

Another bit of good news is that Medicare Part B premiums w...

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