Starting Social Security at 62 Could Net You an Extra $20,000 in This Situation

There are few hard-and-fast rules when it comes to Social Security. You may have heard some people say that it's not a good idea to sign up for benefits right away at 62 because you'll shrink your checks. While this is true, that doesn't mean it's always the wrong move.

There's one situation where signing up right away could help you bank an extra $20,000.

The size of your Social Security checks is based on your average monthly earnings over your working years and the age you sign up for benefits.

Source Fool.com