Also, renting property has its own set of tax rules, making it even more important to have a tax pro who can assist you. You’re allowed to withdraw an application only once, and it must be in the 12 months after you start benefits. You could later opt to suspend your benefit once you’ve reached your full retirement age, which is between 66 and 67. Also, you can now make contributions to your IRA after age 70½, as long as you’re still working. If you make IRA contributions after age 70½, though, those contributions are deducted from the amount you can donate.

Source: Los Angeles Times January 19, 2020 12:56 UTC