The age you begin taking Social Security will directly affect your monthly benefit amount, so choosing the right time to claim is critical.

Age 62 is the earliest you can file, and it's also the most popular -- with more than one-third of older adults taking benefits at this age, according to a 2020 survey from the Bipartisan Policy Center.

While filing for benefits as early as possible isn't always a bad idea, there are situations where you may be better off waiting. Here's why.

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Source Fool.com