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Martha Myron
BUSINESS COLUMNIST
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Martha Harris Myron, CPA, PFS, JSM, Master's of Law – International Taxation and Financial Services, is a personal finance expert and offers cross-border financial planning for Bermuda residents with international connections through Bermuda, North America and Europe.

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  • The cost of retirement
    Apr 22, 2017 8:00 am

    The cost of retirement

    Do you know what it will be for you? This week and next we discuss various methods from Do-It-Yourself easy to complex modelling systems that can be used to project where you will be in retirement.

    First, you will need to know what the...

  • Calculating the cost of living in Bermuda
    Apr 15, 2017 8:00 am

    Calculating the cost of living in Bermuda

    Bermuda is now officially the most expensive place on earth to live, according to a report in Britain’s Independent newspaper. The stunning...

  • Foundations of a young company
    Apr 8, 2017 8:00 am

    Foundations of a young company

    This is part seven of the Bermuda Investment Primer, following the continuing launch of a Bermuda business: MamaZina Pizzarina Ltd (Mzee).

    A stock is a type of security that signifies ownership in a corporation...

  • Why all these annoying forms?
    Apr 1, 2017 8:00 am

    Why all these annoying forms?

    In this article, I continue the discussion of a reader’s question regarding the Bermuda Government and its global financial information-sharing agreements (IGAs/Fatca) and the role of local financial institutions to identify all of their...

  • New world of global tax compliance
    Mar 25, 2017 8:00 am

    New world of global tax compliance

    Moneywise uses hypothetical composite cases to protect reader identities and to illustrate the experiences, confusion, and financial impediments to the ordinary lives of Bermuda residents with global financial...

  • Divorce and its financial complications
    Mar 18, 2017 12:01 am

    Divorce and its financial complications

    Recent global statistics on divorce rates per 1,000 people list Bermuda as one of the highest in the world, down only six places from number No 1 Russia and one digit away from the United States.

    Bermuda is also now the most expensive...

  • Not all company shares come equal
    Mar 11, 2017 8:00 am

    Not all company shares come equal

    This week’s article, part six of the Bermuda Investment Primer Series, is written in support of the “Own Your Share of Bermuda” sponsored by the Bermuda Stock Exchange (BSX) and the second article in The Royal Gazette series on...

  • Rights that come with owning shares
    Mar 4, 2017 8:00 am

    Rights that come with owning shares

    This is part five of the Bermuda Investment Primer Series.

    Three interesting events have happened in the last several weeks. On the face of it, each event seems quite disconnected from the others. Oh, but they are ever...

  • Should I stay or should I go?
    Feb 25, 2017 8:00 am

    Should I stay or should I go?

    A reader of The Royal Gazette wrote to me and asked for help. The following life scenario has been changed dramatically to protect the anonymity and identity of the reader. All information given to me is always kept...

  • Securing emotional wellbeing in retirement
    Feb 18, 2017 8:00 am

    Securing emotional wellbeing in retirement

    Today’s article focuses on a tough subject, one that families are reluctant to face.

    The end all and be all purported for every person is a happy retirement. Isn’t that what we are all aiming for? Work hard now, relax leisurely later.

  • The launch of a Bermuda business
    Feb 11, 2017 8:00 am

    The launch of a Bermuda business

    This week is the latest in the Bermuda Investment Primer Series, Chapter 2, Part 4 — Stocks and the Launch of a Bermuda Business.

    The family ownership of Mamazina’s Pizzarina (our hypothetical company) decide to...

  • When it is the right time to incorporate
    Feb 4, 2017 8:00 am

    When it is the right time to incorporate

    This article is part of the Bermuda Investment Primer continuing series.

    Millions of individuals the world over start businesses every day. It is stated that across the “North Atlantic Pond”, specifically the US, Britain and Canada,...

  • Know your rights — read the Constitution
    Jan 28, 2017 8:00 am

    Know your rights — read the Constitution

    What does it mean to be free? To you personally? Well, you think — that’s an easy answer. “I can own and do what I want with my private property, express my opinions, think what I want, vote for who I want, marry whom I choose, I have equal...

  • Navigating the new retirement landscape
    Jan 21, 2017 8:00 am

    Navigating the new retirement landscape

    Young or old, we are bombarded daily with a barrage of media exhortations giving retirement advice and warnings.

    The messages range from “If you don’t save for retirement, beware of the future,” and “Purchase this guaranteed annuity that...

  • Planning for the new year
    Jan 14, 2017 8:00 am

    Planning for the new year

    This year, dear readers, my focus on finance for Bermuda residents is to provide more coherent, collaborative, more in-depth information that is even more relevant to everyday life in Bermuda. It has been apparent to me ever since I returned to...

  • Do your own research to verify facts
    Jan 7, 2017 8:00 am

    Do your own research to verify facts

    Immigration, work permits and Bermuda status generated tremendous upheaval on the island this week.

    But what do you know about the law, the defining pieces of our Constitution for democratic society?

    It pays to out the real facts...

  • Out with old, in with new way of thinking
    Jan 2, 2017 12:01 am

    Out with old, in with new way of thinking

    This, the last day of 2016, we are surrounded by changes, some monumental, some uncertain, some of them inevitable, as we head into the Year of our Lord 2017. In our North Atlantic neighbourhood, the United States has a new president-elect (with...

  • Laws, liberty and freedom to choose
    Dec 17, 2016 8:00 am

    Laws, liberty and freedom to choose

    Christmas shopping all caught up? In the rush of preparations for one of the biggest holidays of the year, I am willing to bet that very few of us want to take time to think about the freedom of choice surrounding this historically famous...

  • Making the most of Christmas on a budget
    Dec 3, 2016 8:00 am

    Making the most of Christmas on a budget

    Christmas shopping preparations have started. Pressure is escalating for parents, relatives and friends to produce gifts that will live up to expectations.

    Not everyone has a spending nest egg this year given that here are many...

  • Making sense of cross-border financial rules
    Nov 26, 2016 8:00 am

    Making sense of cross-border financial rules

    Every month, we will answer general questions from readers about trips, traps, and tangled finances involving their international connections.

    The following case, that is actually an iteration of a number of similar cases, has been...

  • Give Auditor-General powers she needs
    Nov 19, 2016 8:00 am

    Give Auditor-General powers she needs

    Well, another year for the acclaimed Throne Speech, and the Opposition’s response has occurred, postulated, and gone. And as usual, there were optimistic visions, some more concrete than others, in each speech for us to ruminate on while hoping...

  • Ultimate protector of our country’s finances
    Nov 12, 2016 8:00 am

    Ultimate protector of our country’s finances

    Law and order are the bedrock of modern society. However, when we regard a civilised democracy, the first thought that should come to mind is what this much-overused political phrase implies: a free press, a progressive government, officials...

  • Information galore at your fingertips
    Nov 5, 2016 8:00 am

    Information galore at your fingertips

    Welcome to Guy Fawkes Day. No fireworks from me this week, at least. Readers write to me often with many queries. Often, they just want to know how on earth I manage to find anything to write about, or curious to know where I get my information.

  • Avoid cross-border investing mistakes
    Oct 29, 2016 8:00 am

    Avoid cross-border investing mistakes

    Just because you are investing abroad does not mean you will get a better deal or a higher return. In fact, keeping your money “close to your chest” in your home jurisdiction is very often the safest option.

    Our Bermuda regulatory system...

  • Risk and reward: make careful bond choices
    Oct 22, 2016 8:00 am

    Risk and reward: make careful bond choices

    Understanding bonds, part 3

    Companies, governments, individual investors need or want bonds; they are bought and sold every day by the billions of dollars.

    You now know what a bond looks like, what coupon (interest rate) it can pay,...

  • Bonds: the good, the bad and the truly junk
    Oct 15, 2016 8:00 am

    Bonds: the good, the bad and the truly junk

    This is the second part in a general overview series on bonds for the ordinary layperson.

    Those wishing to delve into the finite intricacies of bonds (and there are many) are encouraged to go to Investopedia: Bond Basics Tutorial...

  • Junk bonds and the tale of the Trump haircut
    Oct 8, 2016 8:00 am

    Junk bonds and the tale of the Trump haircut

    Understanding bonds — part 1. The Bermuda Investment Primer Series.

    The recent focus on Donald Trump’s leaked (or however the information was obtained) 1995 partial personal tax return by the New York Times brings up the...

  • The nuts and bolts of reverse mortgages
    Oct 1, 2016 8:00 am

    The nuts and bolts of reverse mortgages

    Last week we provided an overview of how reverse mortgages work. This week, we cover the nuts and bolts — meaning what is actually contained within the mortgage documents.

    So, you thought they would just give you the money because...

  • Understanding reverse mortgages
    Sep 24, 2016 8:00 am

    Understanding reverse mortgages

    Readers, this is a current update on a previous article I wrote for Moneywise in The Royal Gazette more than nine years ago.

    A few weeks ago, readers of The Royal Gazette read an incredibly sad story: “After the tragic loss of my daughter,...

  • Training Plan shows skills in demand
    Sep 17, 2016 8:00 am

    Training Plan shows skills in demand

    This is the summary of my search for some answers on the underemployment / unemployment situation in Bermuda.

    The changes in our economy continue to impact segments of society that were able to survive financially under our older employment...

  • Uncovering real numbers and facts about jobs
    Sep 10, 2016 8:00 am

    Uncovering real numbers and facts about jobs

    This is part two of an article looking at questions associated with Bermuda jobs, availability, skills, and experience.

    Last week’s article understandably received a great deal of attention. Our current employment environment is a...

  • Statistics show where the jobs are
    Sep 3, 2016 8:00 am

    Statistics show where the jobs are

    Questions on Bermuda jobs, including availability, skills and experience — Part One.

    The annual Labour Day weekend is here, including a day when Bermudians reflect upon equality in trade and employment in Bermuda.

    I’m still feeling...

  • Time for financial backstop programmes
    Aug 27, 2016 8:00 am

    Time for financial backstop programmes

    Last week, readers responded in great sympathy to the account of the grandmother who spent her lump sum retirement pension to care for her dying daughter.

    To lose a child that you have born, cared for, loved with all your being since...

  • A back-to-basics approach to retirement
    Aug 20, 2016 8:00 am

    A back-to-basics approach to retirement

    This is part seven of the new retirement series for Bermuda and looks at finalising your retirement savings and the need to get back to basics.

    In the professional retirement planning world, there are two ways to figure out...

  • Stay alert to money market risks and changes
    Aug 13, 2016 8:00 am

    Stay alert to money market risks and changes

    This is the evolution of money market mutual funds, part two.

    A little over two years ago, the US Securities and Exchange Commission adopted significant amendments to the rules that govern money market mutual funds under the US...

  • When money market funds teetered
    Aug 6, 2016 8:00 am

    When money market funds teetered

    This is chapter five of the New Bermuda Investment Series. This week we discuss the evolution of money market mutual funds. Please note, this information is general in nature. It is not intended as a detailed analysis of the US sub-prime mortgage...

  • Owning a slice of a company
    Jul 30, 2016 8:00 am

    Owning a slice of a company

    Part 2 — the New Bermuda Investment Primer Series: the Concept Of Capital Equity, following a successful mom-and-pop pizza business.

    Stocks constitute equity in a company. The shareholders of the company are owners of these shares,...

  • Know the real odds before you gamble
    Jul 23, 2016 8:00 am

    Know the real odds before you gamble

    Gambling: The sure way of getting nothing for something — Wilson Mizner.

    Gambling is public, or often, privately conducted. It is confusing to us personally to understand the reasoning and motivation behind gambling itself. We will...

  • Making a will with assets in three countries
    Jul 16, 2016 8:00 am

    Making a will with assets in three countries

    Marriage and estate planning for a multinational couple with multijurisdictional assets in three countries.

    A reader writes (Note: this is a composite case, all personal information has been changed or omitted), “I’m a Bermudian resident...

  • Introducing a new series on investing
    Jul 9, 2016 8:00 am

    Introducing a new series on investing

    Overview to the New Bermuda Investment Primer Series — Part 1

    With the ongoing upheaval of the UK political scene, the still unknown final effects (devastating or euphoric depending upon the viewpoints of who voted Bremain or Brexit) on the...

  • Calculating your future retirement finances
    Jul 2, 2016 8:00 am

    Calculating your future retirement finances

    Part 6 of the New Bermuda Retirement series. The Next Step: Setting up projections to calculate future retirement savings and expenses

    On May 21, Moneywise launched the first of two simplified retirement projection...

  • Do global economics impact Bermuda?
    Jun 25, 2016 8:00 am

    Do global economics impact Bermuda?

    Of course, but far too often we are so wrapped up in our own political and financial infighting that we not only don’t understand or assess the impact, but we don’t even realise our financial world is changing rapidly, both for good and bad...

  • Thankful for fathers that guide so well
    Jun 18, 2016 8:00 am

    Thankful for fathers that guide so well

    There is a detective series called Foyle’s War set in late 1930s as Great Britain is called to war yet again, with barely a recovery from the First World War. The pastoral scenery, the English countryside, those quaint rural villages and towns...

  • What is your personal inflation rate?
    Jun 11, 2016 8:00 am

    What is your personal inflation rate?

    Bermuda has one of highest per capita gross domestic product* numbers in the world. It is a laudable achievement of Bermuda’s international financial reputation.

    There is a downside to that statistic, however. We all know what it is — the...

  • Retirement and investment returns
    Jun 4, 2016 8:00 am

    Retirement and investment returns

    A reader asks: “Is it possible to get a 10 per cent return in a balanced fund [see last week’s article] in this environment? I once read that using the Rule of 72, with a 10 per cent return, my retirement portfolio would double in value in a...

  • Weighing up retirement investments
    May 28, 2016 8:00 am

    Weighing up retirement investments

    Here are two questions that we will cover today.

    “I’m relatively conservative and have stuck to the balanced fund concept for the last ten years. Balanced fund meaning 60 per cent stocks / 40 per cent bonds. I don’t have the expertise or...

  • Getting your retirement timeline right
    May 21, 2016 8:00 am

    Getting your retirement timeline right

    This is part five of the New Bermuda Retirement series

    WHAT IS YOUR TIMELINE?

    There are three serious phases in retirement planning:

    1. Fifteen to five years away from the accepted community retirement age (this...

  • Retirement: so much to consider
    May 14, 2016 8:00 am

    Retirement: so much to consider

    This is part 4 of the New Bermuda Retirement series.

    Retirement impacts you in three major ways. You are affected, personally. Your family is affected. Your environment affects you.

    You, individually are affected: you must...

  • Celebrating the evolution of moms
    May 7, 2016 8:00 am

    Celebrating the evolution of moms

    On the eve of Mothering Sunday here is a look at, and a celebration of, what motherhood means today and in the past, beginning with the poignant discovery of a 4,800-year-old fossilised mother and child found by archeologists in Taiwan last...

  • Let the world know Bermuda is no tax haven
    Apr 30, 2016 8:00 am

    Let the world know Bermuda is no tax haven

    Bravo! The Premier of Bermuda last Thursday sent an aggressive, masterly detailed, but polite letter to Jeremy Corbyn, the leader of the British Labour Party, defending Bermuda’s international reputation.

    After years of infuriating...

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