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.
Sep 16, 2017 8:00 am
“Going home, going home, I am going home — to a tax compliance maze.”
A reader asks: “Perhaps, heeding the call from our local politicians and business leaders, a Bermudian friend of ours is returning home to Bermuda with his foreign...
Sep 9, 2017 8:00 am
Last week, we spent considerable righteous energy discussing rogue employers who, with no conscience or compunction whatsoever, cheat their employees out of benefits that they are entitled to as mandated by Bermuda employment law.
Sep 2, 2017 8:00 am
As it is Labour Day on Monday, it is fitting to write this weekend regarding work as it relates to employer and employee roles, respect and benefits, or the lack thereof.
Bermuda is a unique jurisdiction in many ways. Don’t we know it!...
Aug 19, 2017 8:00 am
Having looked at how stamp duty can sometimes be avoided last week, this week we discuss the Primary Family Homestead Exemption Certificate application.
Various readers informed me that the PFHC application process has been taking anywhere...
Aug 5, 2017 8:00 am
Keep positive financial thought for this Cup Match weekend, and keep it real by knowing that just about every social life event revolves around relationships and money.
Having said that, it’s understandable that you aren’t going to be in...
Jul 29, 2017 8:00 am
A reader asked if I would write about cross-border estate taxation issues as they relate to Bermuda and the US, and the transfer of property in Bermuda.
I have done so by giving an opinion on the following questions.
Jul 22, 2017 8:00 am
“The youth of a nation are the trustees of posterity” — Benjamin Disraeli
Bermuda has a new leader. Not yet 40 years old, David Burt swept to a decisive victory last week. In a masterful display of politics, collaboration, shrewdness,...
Jul 15, 2017 8:00 am
Martha Myron, Moneywise
With the 2017 election just days away, here is a summary of some of the main points of both Bermuda’s political parties’ platforms. Note: this summary is not all inclusive. You, the voter are encouraged to...
Jul 8, 2017 8:00 am
Every election is important. Why? Because every individual who has the right to vote can choose freely to exercise their vote. It is a wonderful privilege.
It is your right to cast a ballot in a confidential setting for the person or...
Jul 1, 2017 8:00 am
Ever wonder what drives an economy? Where does the money come from in circulation?
Most people don’t think about this because normal day-to-day living constraints take far greater precedence. Somehow, the necessary access to money is just...
Jun 24, 2017 8:00 am
A reader asked the question: “I have $40,000 sitting in a local bank account, just doing nothing. Can you advise on best investment options to yield a higher rate?”
The first part of the answer was published on June 10, this is part two. In...
Jun 10, 2017 8:00 am
A reader asks: “I have $40,000 sitting in a local bank account, just doing nothing. Can you advise on best investment options to yield a higher rate?”
Choices, choices. The easiest answer would be to simply say why not consider a mutual...
May 27, 2017 8:00 am
It is graduation day and the setting is perfect. The audience is all dicty. Moms, dads, and relatives are all beaming because this is the transcendental day.
The speeches are beautifully prepared and eloquently delivered. They are full of...
May 13, 2017 8:00 am
Mothers have an incredible physiological uniqueness yet to be duplicated by the male species. Aldous Huxley’s Brave New World published in 1932 with his predictions of test tube babies produced en masse may be closer to realisation; but for...
Apr 29, 2017 8:00 am
This week we look at five major issues that impact planning for retirement self-sufficiency and present a simple calculator to track your retirement lifestyle.
There are a number of major areas where soon-to-be retirees underestimate or do...
Apr 1, 2017 8:00 am
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...
Mar 18, 2017 12:01 am
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...
Feb 18, 2017 8:00 am
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.
Feb 4, 2017 8:00 am
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,...
Jan 28, 2017 8:00 am
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...
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,...
Bermuda has 23 per cent living in ‘poverty’
Cashless gaming concerns
Local chef strikes gold
Island Trading undergoes ‘switch-over’
House: ‘fronting’ under investigation
Message in a bottle
Upbeat troops await Maria in Grand Turk
Licence warning leaves sour taste
Restaurant plans Court Street drive-through
A hard rain’s a-gonna fall
Cyberthreat posed by ‘script kiddies’
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