Why 65 May Be the Most Convenient Age to Claim Social Security
The great thing about Social Security is that you get a say on when you sign up. You're allowed to claim your benefits as early as age 62, or delay your filing all the way until the age of 70 for a higher benefit. In fact, you can technically hold off on filing for Social Security beyond the age of 70, though there's no financial reason to do so.
If you want to collect the full monthly benefit you're entitled to based on your personal wage history, then you'll need to wait until at least your full retirement age, or FRA, to sign up. Filing sooner will result in a lower monthly benefit for life.
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Source Fool.com
