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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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  • Why maths are key to our prosperity
    Feb 24, 2018 8:00 am

    Why maths are key to our prosperity

    Maths are everything. Maths are absolute. Maths are everywhere in our world in virtually every decision we make in our daily lives. Behind the scenes, maths calculations have become so mundane that we have become practically oblivious.

  • Stay aware of US tax resident boundaries
    Feb 17, 2018 8:00 am

    Stay aware of US tax resident boundaries

    This is the final article of a three-part series discussing when a foreign national, such as a Bermudian or Bermuda resident, can be classified as a US tax resident under US tax regulations. This week is focused on what happens when a Bermudian...

  • When does a Bermudian become a US taxpayer?
    Feb 10, 2018 8:00 am

    When does a Bermudian become a US taxpayer?

    This is the second article of a three-part series discussing when a foreign national, such as a Bermudian or Bermuda resident, can be classified as a US tax resident under US tax regulations.

    One of readers’ frequently...

  • When a US tax return becomes an obligation
    Feb 3, 2018 8:00 am

    When a US tax return becomes an obligation

    The following question has been a familiar recurring topic over the 18 years of Moneywise.

    A reader wrote: “Many Bermudians have — or are considering buying — homes in the United States even though they are not US...

  • Free financial advice sources – start learning
    Jan 27, 2018 8:00 am

    Free financial advice sources – start learning

    To be financially literate is to be financially successful. Financial literacy is the buzz phrase of the day. Everyone is concerned, well, almost everyone — from global leaders to governments to teachers to unions to non-profit organisations due...

  • Getting to grips with US tax regulations
    Jan 20, 2018 8:00 am

    Getting to grips with US tax regulations

    What will be next? In just the last six years, our global tax world has ramped up significantly more detailed tax compliance, residency reporting and filing information.

    Driven initially by the United States and its Foreign Account Tax...

  • Know your maths for your financial wellbeing
    Jan 13, 2018 8:00 am

    Know your maths for your financial wellbeing

    Maths rules the world — maths being a major component of the acronym Stem: science, technology, engineering, and mathematics.

    Money is an absolute. It does not lie. Maths is a universal language, needing no translation. People of diverse...

  • Getting your budget back on track
    Jan 6, 2018 8:00 am

    Getting your budget back on track

    Over the past few weeks we’ve all been busy preparing for the holidays, shopping for the holidays, experiencing the warmth of the holidays. Now that it is all over and the new year is here, it is back to reality. And with it comes the usual...

  • New year’s resolutions for our government
    Dec 30, 2017 8:00 am

    New year’s resolutions for our government

    New Year is fast approaching, now almost 20 years into the new millennium. It’s once again a time to reflect, to put aside the past year’s less-than-positive outcomes in your work, relationships, health, and philosophies. Whether you defined...

  • Holiday reading from finance to escapism
    Dec 23, 2017 8:00 am

    Holiday reading from finance to escapism

    A few years ago I started a column called “Good Reads for Christmas,” which was written for entertainment and inspiration at this time of the year.

    Dear readers, we realise your tolerance level during the holidays for all things financial...

  • We need a government debt-reduction plan
    Dec 16, 2017 8:00 am

    We need a government debt-reduction plan

    Author’s note: this article was originally published half-a-decade ago. It has been revised to reflect Bermuda’s current debt situation.

    As at March 31, 2012, the Bermuda Government’s audited consolidated statements...

  • The economics of Christmas in Bermuda
    Dec 9, 2017 8:00 am

    The economics of Christmas in Bermuda

    The act of Christmas holiday shopping conjures up highly amusing and sometimes outrageous scenarios on global social media.

    For example there are images of individuals frantically besting (or beating up) each other for the most in-demand...

  • Bitcoin, blockchain and the new revolution
    Dec 2, 2017 8:00 am

    Bitcoin, blockchain and the new revolution

    Disruptive change is here and with it comes a multitude of new buzz words ranging from blockchain and bitcoin, to ether, alt coins, and Power Ledger.

    Most frequently associated with finance, blockchain technologic consciousness is sweeping...

  • Our net worth entails much more than money
    Nov 25, 2017 8:00 am

    Our net worth entails much more than money

    In November for a number of years, I have written about being grateful as this season always seems to be the time for reflection on who we were as a community, who we are now, what we have, where we are going, and what we hope to achieve in our...

  • Island needs comprehensive contingency plan
    Nov 18, 2017 8:00 am

    Island needs comprehensive contingency plan

    On November 5, Bermuda residents became stunningly aware of the radical vulnerability of our island’s economic success.

    For more than 30 years, international business has poured billions into the local money supply, infrastructure...

  • Is the end of physical money near?
    Nov 11, 2017 8:00 am

    Is the end of physical money near?

    The thing about money — we all need it.

    “Money bewitches people. They fret for it, and they sweat for it. They devise most ingenious ways to get it, and most ingenuous ways to get rid of it. Money is the only commodity that is...

  • Choices for a Bermudian with US connections
    Nov 4, 2017 8:00 am

    Choices for a Bermudian with US connections

    This is the third and final article in our series about a Bermudian with US connections returning home and making a decision about permanent residence. Please be aware that this article is general in nature, and take note of the full disclosure...

  • The evolution of mediums of exchange
    Oct 28, 2017 8:00 am

    The evolution of mediums of exchange

    There are numerous definitions for medium of exchange. The best one is from www.dictionary.com: “Anything generally accepted as representing a standard of value and exchangeable for goods or services.”

    I prefer this definition. A medium of...

  • No hiding from US tax authorities
    Oct 14, 2017 8:00 am

    No hiding from US tax authorities

    A Bermudian (and his foreign-born spouse) come home for permanent residence in Bermuda.

    A reader FAQ featured on September 16, 2017 asked the following: “A Bermudian friend of ours is returning to Bermuda with his foreign spouse after two...

  • Reasons for investing in Bermuda stocks
    Oct 7, 2017 8:00 am

    Reasons for investing in Bermuda stocks

    This is the final article of six, published between October 2 and 7, in support of the Bermuda Stock Exchange World Investor Week Quiz Challenge. Each article has a question embedded. Find the question and send your answer to...

  • A hand-up is better than a handout
    Sep 30, 2017 8:00 am

    A hand-up is better than a handout

    Everyone needs a job, from the time that a child is relatively small through to virtually the end of adult life.

    Work provides purpose and motivation: mentally, physically, financially, and sometimes, spiritually fulfilling. Work is not as...

  • Dealing with Bermuda’s high cost of living
    Sep 23, 2017 8:00 am

    Dealing with Bermuda’s high cost of living

    Almost six months ago, we put out a short questionnaire to the readers of The Royal Gazette. Some of you responded, bless you, and I thank these reader participants so very much.

    No one really likes to fill out forms of...

  • A Bermudian returns home to face a tax maze
    Sep 16, 2017 8:00 am

    A Bermudian returns home to face a tax maze

    “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...

  • Many ways that employees steal
    Sep 9, 2017 8:00 am

    Many ways that employees steal

    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.

    One...

  • A hefty price to pay when an employer cheats
    Sep 2, 2017 8:00 am

    A hefty price to pay when an employer cheats

    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!...

  • Primary residence certificate: more answers
    Aug 26, 2017 8:00 am

    Primary residence certificate: more answers

    Part three: final answers regarding the Bermuda Primary Family Homestead Exemption Certificate Application.

    Readers who do not own homes, or are not eligible for the PFHC, may be bored to tears after three...

  • Designating a home for duty tax exemption
    Aug 19, 2017 8:00 am

    Designating a home for duty tax exemption

    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...

  • How stamp duty can sometimes be avoided
    Aug 12, 2017 8:00 am

    How stamp duty can sometimes be avoided

    Did everyone have a reality check after Cup Match? An exciting array of great reader questions arrived at my inbox in the last couple of weeks.

    So! This week we focus on a discussion of the Bermuda Primary Family Homestead...

  • A financial quiz for the holiday weekend
    Aug 5, 2017 8:00 am

    A financial quiz for the holiday weekend

    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...

  • Bermuda property and cross-border estate tax
    Jul 29, 2017 8:00 am

    Bermuda property and cross-border estate tax

    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.

    Please note,...

  • New leader’s challenge to nurture prosperity
    Jul 22, 2017 8:00 am

    New leader’s challenge to nurture prosperity

    “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,...

  • Your finances and election choices
    Jul 15, 2017 8:00 am

    Your finances and election choices

    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...

  • Use your vote, but do your homework first
    Jul 8, 2017 8:00 am

    Use your vote, but do your homework first

    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...

  • The America’s Cup multiplier effect
    Jul 1, 2017 8:00 am

    The America’s Cup multiplier effect

    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...

  • Considerations when seeking a better return
    Jun 24, 2017 8:00 am

    Considerations when seeking a better return

    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...

  • Heavy rules demand evidence of who we are
    Jun 18, 2017 12:01 am

    Heavy rules demand evidence of who we are

    Another Reader FAQ to Moneywise: “Can a US citizen obtain a Bermuda issued credit card if they have a PO box address in Bermuda?”

    Short answer = No.

    Long answer = No.

    Very, very long answer = Maybe, under certain...

  • Check that your financial ducks are in a row
    Jun 10, 2017 8:00 am

    Check that your financial ducks are in a row

    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...

  • Investing in water — salt and fresh
    Jun 3, 2017 8:00 am

    Investing in water — salt and fresh

    “Water, water everywhere … … nor any drop to drink” — Samuel Taylor Coleridge, The Rime of the Ancient Mariner, 1798

    The world’s population relies on water, both fresh and...

  • Embracing adult life after graduation
    May 27, 2017 8:00 am

    Embracing adult life after graduation

    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...

  • Cautionary tale of Puerto Rico bonds
    May 20, 2017 8:00 am

    Cautionary tale of Puerto Rico bonds

    This is part 8 of the Bermuda Investment Primer series.

    Bonds are not equity in a company, municipality, city, state, or country. Bonds are good old-fashioned debt.

    Most bonds are issued with a term-certain...

  • Mothers must have a personal financial plan
    May 13, 2017 8:00 am

    Mothers must have a personal financial plan

    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...

  • Bonds and their role in an economy
    May 6, 2017 8:00 am

    Bonds and their role in an economy

    In Part 8 of the Bermuda Investment Primer Series, Martha Myron looks at bonds, their structures and their role in an economy.

    The business of insurance is the most dominant industry in Bermuda, both from an...

  • Do the maths before you retire
    Apr 29, 2017 8:00 am

    Do the maths before you retire

    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...

  • 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...

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