While you can start receiving your Social Security benefits any time between the ages of 62 to 70, if you can wait, you can potentially receive a significantly larger monthly check for the rest of your life. Those who need the benefits right away at age 62 should not hesitate to use them. That’s why they are there. But, if you can wait, even an additional year or two, your monthly payments can increase substantially.
The National Academy of Social Insurance has some great short fact sheets and video clips on Social Security and things to consider when deciding when to receive your benefits. See their section, When to Take Social Security: It Pays to Wait.