You'll often hear that it's important to save independently for retirement because Social Security will only replace a portion of the wages you're used to living on. Ideally, you'll enter retirement with a solid nest egg that you can tap throughout the years.

But it's still important to claim Social Security strategically. And if you sign up at age 62, you might sorely regret that decision down the line.

Age 62 is the earliest age at which you can sign up for Social Security. However, you're not entitled to your full monthly benefit based on your personal earnings history until you reach full retirement age, or FRA.

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Source Fool.com