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It was just an impulse purchase. They really could not afford it, from a rational sense, but well, it was a tough week at work, family relationships are in a turmoil. They said, what the heck. “We need a lift.” Without much thought, they decided to g...

If you haven’t yet taken a peek at KEMH’s new acute wing, do yourself a favour and do so the first chance you get. Click here to see picture. Its modern architecture, and beautiful colours, are something to behold. Assuming that the exterior is re...

Dear readers: I haven’t focused much on investing in the last year or so. To be frank the reason: The anecdotal commentary from you (thank you) is because so many folks are struggling with the financial basics just to get on with their daily lives — ...

Last week in Moneywise, we covered the basics of math calculations for mortgage principal and interest when reviewing your mortgage payments*. This week, we start the review with: • Irregular payment intervals. Some banks charge mortgage interest by ...

This week, we focus on managing your money to benefit you. In Bermuda’s current economic environment, keeping up with the home mortgage payment is probably the number one challenge for every Bermuda homeowner. The last several years of the Bermuda M...

Fatca finale — the deadline is in three days. July 1, 2014, precisely, is when foreign banks and foreign financial institutions in more than 100 countries, Bermuda included, having registered and entered into agreements with US Internal Revenue Servi...

Part 2: Do you know where all of your pensions are? Many residents of Bermuda, such as native-born individuals, multinationals integrated into the Bermuda family culture, and globally mobile guest workers have rights to foreign pensions in other co...

Last week’s article about the differences in pensions available to Bermuda residents generated more interesting responses from Moneywise readers. Serious concerns were expressed about how to manage financially into retirement, now exacerbated by the ...