The age you begin claiming Social Security will affect your monthly income for the rest of your life, so it's critical to choose wisely.

Delaying benefits will result in larger payments each month, so that may seem like a smart idea to maximize your income. In some cases, that can be the best possible move to enjoy a more financially secure retirement -- but it won't be the right option for everyone.

While everyone's situation will be different, there's one good reason to consider filing for benefits earlier: you can change your mind later.

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Source Fool.com