The age you begin taking Social Security will affect your monthly benefit amount for the rest of your life, so it's wise to take this decision seriously.

You can begin claiming as early as age 62, but the longer you wait to file (up to age 70), the more you'll receive each month. Delay until age 70, and you'll receive your full benefit plus a bonus of between 24% and 32% per month. Many experts advise waiting longer to take benefits, as that could boost your monthly payments by hundreds of dollars.

While that can be a smart idea in some situations, there are also good reasons to consider filing as early as possible. If you're planning to file for Social Security at age 62, here are three ways that could pay off.

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Source Fool.com