Why I'm Leaning Toward Claiming Social Security at 62

When it comes to signing up for Social Security, we all get a choice. It's possible to claim benefits as early as age 62, and not shockingly, that happens to be the most popular age to file.

But actually, you can sign up for benefits at any age between 62 and 70. In fact, you don't even have to file once you reach 70, though there's no financial incentive to delay your claim beyond that point.

There are benefits and drawbacks to filing at different ages. If you sign up at your full retirement age (FRA), which is either 66, 67, or 66 and a specific number of months, depending on your year of birth, you'll get the exact monthly benefit you're eligible for based on your earnings history.

Source Fool.com