Daily Money 03-02-21

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