Maximizing your Social Security benefit is a bit like a chess game. You need to understand the factors at play and how the moves you make could affect you down the road if you want to be successful. This includes choosing the right time to claim benefits.

A lot of people caution against signing up right away at 62 because doing so reduces the size of your checks by up to 30%. But there are times when that's the right move, even if it means settling for a smaller lifetime benefit.

If the following applies to you, you should definitely plan to sign up early.

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Source Fool.com