Martha Harris Myron, CPA, PFS, JSM, Master's of Law â€“ 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.
Jan 21, 2017 8:00 am
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...
Jan 14, 2017 8:00 am
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...
Jan 7, 2017 8:00 am
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...
Jan 2, 2017 12:01 am
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...
Dec 17, 2016 8:00 am
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...
Dec 3, 2016 8:00 am
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...
Nov 26, 2016 8:00 am
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...
Nov 19, 2016 8:00 am
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...
Nov 12, 2016 8:00 am
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...
Nov 5, 2016 8:00 am
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.
Oct 29, 2016 8:00 am
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...
Oct 22, 2016 8:00 am
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,...
Oct 15, 2016 8:00 am
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...
Oct 8, 2016 8:00 am
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...
Oct 1, 2016 8:00 am
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...
Sep 24, 2016 8:00 am
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,...
Sep 17, 2016 8:00 am
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...
Sep 10, 2016 8:00 am
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...
Sep 3, 2016 8:00 am
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...
Aug 27, 2016 8:00 am
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...
Aug 13, 2016 8:00 am
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...
Aug 6, 2016 8:00 am
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...
Jul 23, 2016 8:00 am
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...
Jul 16, 2016 8:00 am
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...
Jul 9, 2016 8:00 am
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...
Jun 25, 2016 8:00 am
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...
Jun 18, 2016 8:00 am
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...
Jun 11, 2016 8:00 am
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...
Jun 4, 2016 8:00 am
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...
May 28, 2016 8:00 am
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...
May 7, 2016 8:00 am
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...
Apr 30, 2016 8:00 am
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...
Apr 23, 2016 8:00 am
This is an introduction and overview to a new retirement series. The series will be extensive. It has to be.
Retirement readiness is not just about “how much do I need” or “five tips to a complete retirement,” rather, individuals will...
Apr 16, 2016 8:00 am
This the third part in the New Retirement series.
Should you pay off your mortgage before you retire? This is probably the most common question posed to me (along with “will we run out of money”) in the many years of my retirement...
Apr 9, 2016 8:00 am
The latest data dump leaks, the largest in history, were released this week by the International Consortium of Investigative Journalists.
The Panama Papers, so called as the leaks came from a Panamanian law firm, implicated 140 very...
Apr 2, 2016 8:00 am
Already we have passed the first day of spring, April Fools’ Day and are headed into an early summer.
Last week’s article was a story about an island, the Acqua Isle, a small island with a small population trying to stay afloat in the sea...
Mar 26, 2016 8:00 am
This is the story of an island, the Acqua Isle. Idyllic in nature, hardy in purpose, the remote island has survived global forces of nature. It has existed as a comforting habitat for many hundreds of years.
Its people are a hardy, serious...
Mar 19, 2016 8:00 am
The Bermuda Retirement Primer — part 2A: managing for a comfortable retirement
The number one documented concern for retirees the world over is outliving retirement savings. The reason: the income from jobs they have relied...
Mar 12, 2016 8:00 am
Welcome to the New Bermuda Resident Retirement Primer, a series of articles to be featured in The Royal Gazette every month, or more often, on demand.
We will cover the gamut of retirement planning issues: retirement cost of living,...
Mar 5, 2016 8:00 am
Part two of lowlights in the 2016-2017 Bermuda Government Budget, a 54-page, meticulously prepared document containing shrewd observations on our local environment: finances, investments, government infrastructure and assets, impact on...
Feb 27, 2016 8:00 am
Meticulously prepared, the Budget is 54 pages long, replete with charts, statistics, analogies, historical data, and some very cautious optimism. It contains shrewd observations on our Bermuda financial environment: investments, government...
Feb 20, 2016 8:00 am
Romance is a spontaneous, glorious happening, but as a foreign national, immigration into, and taxation within another country (in our composite case, the United States) requires pre-border crossing planning, too. The two thought processes are...
Feb 13, 2016 8:00 am
Last week we wrote about our happy Valentine fellow blissfully leaving the Rock and heading to America to be with the perfect lady in the land of opportunity with its fabled streets of gold and bluer skies.
Destiny is so full of promise,...
Feb 6, 2016 8:00 am
Author’s note: This composite case is purely hypothetical in nature and is not intended to resemble any actual persons’ individual circumstances.
Love in the air. The perfect Valentine romance! They met on a flight to Australia. Lots of...
Jan 30, 2016 8:00 am
A review by a former auditor of the Bermuda Auditor-General’s Report on the Consolidated Funds of the Government of Bermuda for the years 2010, 2011, 2012. This is the fourth and final part of the series.
Reviewing a financial...
Tensions could rise to ‘explosive’ levels
Fire at 9 Beaches, remaining tenants evicted
How I saved money flying to UK via Iceland
You are sitting on a powder keg
Town Cut anniversary today
My faith comforted me after daughter died
Dispute affects health department division
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