Author: Sean Williams, The Motley Fool

Although Social Security checks will receive a historic boost in 2023, retirees in select states can expect a bigger nominal-dollar increase than others.

It’s been unstoppable for over a century and can make long-term investors a lot richer.

It has handily outperformed the S&P 500 over the past quarter of a century, offers a nearly 15% yield, and is slated to split its shares in less than a week.

Patience can pay off handsomely for America’s aged investors.

There’s much more to the historic benefit increase on tap for 2023 than meets the eye.