The age you begin claiming Social Security will affect your monthly benefit amount for the rest of your life, so it's critical to make this decision carefully.

It can be a tough decision to make, however, because each situation is unique, and there's no single correct answer as to when you should file. That said, research does suggest that one particular age might be better than others.

You can file for benefits at age 62 or anytime after that, but waiting longer will result in larger payments each month. To receive the full benefit amount you're entitled to based on your work history, you'll need to wait until your full retirement age (FRA).

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Source Fool.com