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In the fourth of five articles in conjunction with the Bermuda’s Demographic Challenge series, Bill Storie highlights the hopes and concerns of those approaching retirement. Today we discuss the third age group in our series — the 50 to 65-year-old...

In the third of a five-part series of articles in conjunction with the Bermuda’s Demographic Challenge series, Bill Storie looks at Generation X. Today we will discuss the 35 to 50-year-old age group. Commonly referred to as “Gen-X”. In Bermuda this...

Precision isn’t always possible when it comes to retirement planning. That doesn’t mean you have to wing it and hope your savings don’t expire before you do. Looking at the income, living expenses and lifespans of today’s retirees can help you make t...

A new land, a new home, a new spouse, a new life. This is part two of the Bermuda Pondstraddler continuing series. Part one featured a relevant discussion on this hypothetical Bermudian individual’s background and emigration concerns was published in...

Dear Dave, My father-in-law wants to help us with our mortgage. We’ve been working hard to pay off our home early, and we’ve reduced what we owe to around $35,000. His idea is to pay off the remainder, then let us pay him back over time. In the past,...

A reader asked for information about reducing their mortgage faster than the original 30-year term, and wondered whether some-type of a mortgage-payment assistance programmes is helpful. My caveat, as always, is that this is general financial inform...

Dear Dave, My husband and I have about $20,000 in credit card debt, plus payments on a new truck. We also have a camper he bought before we got married that we’re still making payments on. I recently received a $50,000 inheritance, and I’d like to us...

A 2017 study by Aviva in the UK revealed that 1.3 million people viewed “winning the lottery” as their only plan for retirement. The article will discuss common mistakes that people make when planning for retirement and the true cost of failing budge...

Dear Dave, How do you feel about timeshares, and the free trips and dinners they offer as part of their sales pitches? Is it possible to win with these things? — Dan Dear Dan, In my opinion, timeshares are a complete waste of time and money. Lots of...

Creating a cash cushion for yourself and your family is a good plan to start the new year. This is a continuation of last week’s article, “Forget new year’s resolutions — just set one goal”. A cashflow liquidity crunch, or a credit squeeze in industr...