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| Good morning, Daily Money subscribers, it's Nathan Bomey. I spent my morning digging through the Boy Scouts of America's bankruptcy restructuring plan, which my colleague Cara Kelly has covered in-depth . A year ago, I reported that the BSA would likely have to sell its extensive collection of artwork, including dozens of Norman Rockwell paintings, to pay sexual abuse victims – and that's exactly what's happening now. One interesting and new tidbit I found this morning: The BSA also owns paintings by none other than Walt Disney himself. |
| On to our ... |
| INSIGHT OF THE DAY: When you're retired, it's often been said that you should be able to carve out a comfortable living using 4% of your assets annually. But the 4% rule's creator recently suggested that the best number to use might be 5%. |
| And here's the rest of the news ... |
| 1. The winter storm fallout in Texas is just beginning. A major electricity cooperative has filed for Chapter 11 bankruptcy protection. |
| 2. Did you invest in 2020? Here are four ways to minimize your tax bill. |
| 3. A Nike executive has resigned under unusual circumstances. She's leaving after accusations that her son used her corporate credit card to purchases products for his sneaker resale business. |
| 4. Amazon is facing a lawsuit accusing one of its former executives of racial and gender discrimination as well as sexually harassing and assaulting a senior-level manager. The manager's accusation comes after published reports of numerous Black Amazon employees accusing the company of longstanding racism and discrimination. |
| 5. Never liked the chocolate part of Reese's peanut butter cups? It's your lucky day. |
| 6. Say goodbye to Walmart's minimum order on its express delivery service. That $35 limit is history. |
| More below! |
| --Nathan Bomey, Money reporter |
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