The Daily Money: Should you plan for Social Security cuts?

The Daily Money: Should you plan for Social Security cuts?

In today's Daily Money newsletter, we have insights on Social Security benefits, a foam shortage and using Roth IRAs as an emergency fund. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Monday, July 19

Good morning, it's Nathan wishing you a happy start to your day!

🥇 Are you geared up for the Olympics to start later this week? Me too. I think. But it will be hard not to think about the pandemic while watching the athletes compete.

On to our ... 

💡 INSIGHT OF THE DAY: Another day, another shortage. "A nationwide foam shortage has compounded supply chain bottlenecks and delayed product deliveries in myriad industries, including furniture, mattresses, autos, boats, recreational vehicles, appliances, building construction and steelmaking," our Paul Davidson reports.

📰 And here are more stories you won't want to miss:

1. Will Social Security benefits be cut? Here's what you might be able to expect based on your age.

2. Companies say they care about diversity. So why are their boards so white and male?

3. Should you put your emergency fund in a Roth IRA? You could, but it depends on your circumstances.

4. Unemployment benefits were tax-free in 2020. Don't expect that in 2021.

5. Jeff Bezos is going to space tomorrow.

I, for one, want to see what he looks like in a spacesuit.

--@NathanBomey

A woman sitting on a sectional couch in the middle of a furniture expo.
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