There's a reason seniors are often encouraged to hold off on claiming Social Security. For each month you delay your filing past your full retirement age, up until age 70, your monthly benefit will get a nice boost.

That boost could come in handy during retirement, especially because it's guaranteed for life. By contrast, your savings could run out at some point in time -- even if you're reasonably cautious in your approach to taking withdrawals.

If you've been delaying Social Security thus far, at some point, you'll need to gear up to file for benefits. And if the following signs apply to you, consider making that move sooner rather than later.

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Source Fool.com