You may be eager to start collecting Social Security benefits as soon as you become eligible at 62. But following the most common path among retirees could leave you wanting more later in life.

Despite being the most common age of new applicants, 62 is usually a sub-optimal decision for retirees hoping to maximize all of their assets in retirement to live their best life in their golden years. Not only will you see a reduced monthly benefit, you'll also face challenges when it comes to tax planning. And if you're working while collecting Social Security, you could see your benefit reduced even more.

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Source Fool.com