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Thursday, February 18, 2021

The Daily Money: 3 ways to maximize your Social Security benefits

Today's top stories from USA TODAY Money and Tech. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Thursday, February 18

Good morning, Daily Money subscribers, it's Nathan Bomey again. It's pretty ugly out there. Hope you're staying warm and safe! On to our ... 

INSIGHT OF THE DAY: You've heard it before: Roth IRAs are the way to go because they provide tax-free retirement savings. And that's true. But there's one thing to watch out for: There's no penalty for withdrawing principal early, and if you start doing that, you could quickly compromise your retirement plans. So think very hard before touching that account.

Now for the rest of the news.

1. A confluence of forces is conspiring to bump up the price of fueling up. Yes, the storm is taking a toll. Get ready for an increase of 10 cents to 20 cents a gallon in the coming days.

2. The fallout from the GameStop-Reddit-Robinhood saga is starting to play out. The CEOs of Reddit, Robinhood, electronic-trading firm Citadel Securities and hedge fund Melvin Capital will testify before Congress today. So will the investor who started it all on Reddit. Here's what to expect at a hearing that's likely to get testy.

3. If you can help it, you don't want to rely purely on Social Security to retire. But it might still end up being a big portion of your retirement income, so here are three strategies to maximize your benefits.

4. Ever get the feeling like you're being watched ... on your phone? You might be. Here's how to get rid of those annoying cookies.

More below!

--Nathan Bomey, Money reporter

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