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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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  • Calculating and managing overhead
    Oct 20, 2018 8:00 am

    Calculating and managing overhead

    The business of being in business in Bermuda using a hypothetical Bermuda family launching a pizza business.

    “If you can’t control your overhead costs in a business, it will kill you!” That was our father, the...

  • Business ownership a round-the-clock job
    Oct 13, 2018 8:00 am

    Business ownership a round-the-clock job

    This week’s column is a continuation of the hypothetical MamaZina Pizzarina operations planning on doing business in Bermuda.

    Running a business is an all-encompassing occupation. Any owner, particularly those...

  • What it means to own a company’s shares
    Oct 6, 2018 8:00 am

    What it means to own a company’s shares

    This is the sixth and final article in a series published between October 1 and 6 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...

  • Important reading: this is your money
    Sep 29, 2018 8:00 am

    Important reading: this is your money

    This is part three of the review of the Report of the Auditor-General on the Audits of the Financial Statements of the Consolidated Fund of the Government of Bermuda for the years ended March 31, 2013, 2014, 2015 and 2016. This article...

  • Auditor-General demands full picture
    Sep 22, 2018 8:00 am

    Auditor-General demands full picture

    This is part two of the article on matters of special importance in the Auditor-General’s report on the financial statements of the Consolidated Fund of the Government of Bermuda for the years ended March 31, 2013, 2014, 2015 and 2016.

  • Lump sum or monthly payment: which is best?
    Sep 15, 2018 8:00 am

    Lump sum or monthly payment: which is best?

    This is the latest in the Bermuda Realistic Retirement Review series, published on the third Saturday of each month.

    Is a bird in the hand worth two birds in a bush?

    Another reader FAQ, with a hypothetical...

  • Bermuda’s audit reports and why they matter
    Sep 8, 2018 8:00 am

    Bermuda’s audit reports and why they matter

    I have been reviewing the latest Auditor-General report on the Audits of the Financial Statements of the Consolidated Fund of the Government of Bermuda for period between April 2012 and the end of March 2016, as tabled in February.

    Readers,...

  • Fintech banks: disrupting an industry
    Sep 1, 2018 8:00 am

    Fintech banks: disrupting an industry

    In the second article in a series on the arrival of the fintech industries in Bermuda, we will look at rise of fintech banks and their potential impact on the legacy banking industry.

    What is fintech?

    Fintech, or...

  • Making a cross-border financial decision
    Aug 25, 2018 8:00 am

    Making a cross-border financial decision

    This week we return to the Pondstraddler monthly series to review a reader’s questions. The following case is a combination of real life situations and hypothetical facts in order to protect the reader’s identity.

    A reader...

  • Evaluating retirement annuity choices
    Aug 18, 2018 8:00 am

    Evaluating retirement annuity choices

    This week’s article is part of the Bermuda Realistic Retirement Reviewer series, which is featured on the third Saturday of each month.

    A reader from Bermuda writes: “Gettin’ ready to retire from my job. Have some money saved — hope...

  • Fintech’s risks and opportunities
    Aug 11, 2018 8:00 am

    Fintech’s risks and opportunities

    Fintech, or financial technology, is in the spotlight in Bermuda right now. This week, I take a look at its many implementations and ramifications.

    • The impatient among us (aren’t almost all of us ADD these days) hate waiting in line at de...

  • Reading is your lifeline to the world
    Aug 4, 2018 8:00 am

    Reading is your lifeline to the world

    One of the greatest individuals in the investment world, Warren Buffett, reads 500 pages a day of newspapers, reports and books. He has stated it is one of the overarching keys to his success. Mr Buffet is not alone, a number of the most...

  • Bermuda a victim of ‘economic discrimination’
    Jul 28, 2018 8:00 am

    Bermuda a victim of ‘economic discrimination’

    In numerous publications in the last few weeks, various headlines arose noting that “the state of Delaware (Secretary of State Jeffrey Bullock) supports HR 6403, a current US congressional Bill titled Counter Terrorism and Illicit Finance Act as...

  • Challenges of healthcare costs in retirement
    Jul 21, 2018 8:00 am

    Challenges of healthcare costs in retirement

    As part of our monthly series, The Bermuda Realistic Retirement Reviewer we continue our discussion of healthcare costs with a focus on retirees and those soon to retire.

    Individuals who are retired or approaching retirement...

  • Financial impact of rising healthcare costs
    Jul 14, 2018 8:00 am

    Financial impact of rising healthcare costs

    The lament is familiar, the same every year.

    “Healthcare is unaffordable.”

    “Healthcare is at an unsustainable level.”

    The Bermuda Health Council’s 2017 report states “the Bermuda health system is at a breaking...

  • Tax compliance can be a taxing process
    Jul 7, 2018 8:00 am

    Tax compliance can be a taxing process

    It is a scenario that will be familiar to thousands of Bermuda residents — a letter arrives regarding your accounts at local institutions. It contains requests to complete a new set of forms to verify who you are, where you live, where your tax...

  • Three-country transaction creates tax issues
    Jun 30, 2018 8:00 am

    Three-country transaction creates tax issues

    This week, Martha features the Pondstraddler Monthly Series, featuring letters from Royal Gazette readers.

    This month’s inquiry: “I’m a Bermudian living with my family in Australia for the past decade. We still have...

  • Retirement and compound interest ‘magic’
    Jun 23, 2018 8:00 am

    Retirement and compound interest ‘magic’

    Starting when you are young and saving consistently can lead to a comfortable retirement. Our monthly Bermuda Realistic Retirement Reviewer Series continues today with this great retirement success story from a Royal Gazette...

  • Celebrating fathers who are truly dads
    Jun 16, 2018 8:00 am

    Celebrating fathers who are truly dads

    This week, Martha Myron takes a break from her regular personal finance beat to reflect on fatherhood.

    On this Sunday, it is customary to bring tributes on the men in our lives. The media, retailer businesses,...

  • A financial compatibility quiz for couples
    Jun 9, 2018 8:00 am

    A financial compatibility quiz for couples

    June is the biggest month of the year for weddings, and with that in mind we take a look at the many ways couples can assess their compatibility, including their approach to finances and especially shared finances.

    This week’s article...

  • Career planning before and after graduation
    Jun 2, 2018 8:00 am

    Career planning before and after graduation

    Do you remember being little? All the doting relatives asking what you were going to be when you grow up. Young children are always so truthful, so sincere, and breathtakingly honest.

    Some children say they want to be a diver, while others...

  • Financial planning when moving country
    May 26, 2018 8:00 am

    Financial planning when moving country

    This is a continuation of the Pondstraddler monthly series featuring questions from readers. A reader asked the following questions:

    I’m a Bermudian with UK citizenship, while my spouse is an American. We retired to France and just...

  • We can learn from retirees’ financial lives
    May 19, 2018 8:00 am

    We can learn from retirees’ financial lives

    This week, we feature the comment of retirees and those soon-to-be about their retirement experiences.

    This is the first in the realistic retirement review series, once a month on the third Saturday of the month.

    Today, we get into...

  • Getting to grips with cryptocurrencies
    May 12, 2018 8:00 am

    Getting to grips with cryptocurrencies

    What is cryptocurrency? According to the Bermuda Virtual Currency Business Act 2018, virtual currency means a digital representation of value that:

    • is used as a medium of exchange, unit of account, or store of value;

    • is not fiat...

  • Optimism for our crypto future
    May 5, 2018 8:00 am

    Optimism for our crypto future

    The Bermuda Government’s initiative in formalising relationships within the digital currency world culminated last week with the tabling of the Companies and Limited Liability Company (Initial Coin Offering) Amendment Act 2018, along with the new...

  • Border crossings can have consequences
    Apr 29, 2018 12:01 am

    Border crossings can have consequences

    Today’s Moneywise explores a reader’s question about UK relocation concerns, and suggests possible actions. To protect the reader’s identity certain information has been revised or removed.

    Question: My spouse and I are...

  • Retirement: what are your concerns?
    Apr 21, 2018 8:00 am

    Retirement: what are your concerns?

    This new monthly series on retirement, will be featured in the third week of every month.

    Retirement is a big deal everywhere. Longevity in so many countries has produced long-tailed retiree populations of epic...

  • What’s an investor to do in volatile times?
    Apr 14, 2018 8:00 am

    What’s an investor to do in volatile times?

    A number of United States investment market index milestones were reached in the last few months.

    According to TD Ameritrade — MarketWatch in early January, 2018 “retail investor exposure to stock markets is at an all-time high”. This...

  • Did you ace the test?
    Apr 7, 2018 8:00 am

    Did you ace the test?

    How well did you do? Twenty-five test questions were provided in this column on March 3 and 10.

    I’m expecting to hear from readers that they aced the test, because you should know that I went easy on you all. No fractions, statistics, or...

  • Getting to grips with Pondstraddler status
    Mar 31, 2018 8:00 am

    Getting to grips with Pondstraddler status

    This is the first in the series of monthly Pondstraddler Life™ Financial Perspectives Reader FAQ.

    Last week’s article, entitled “Are you a Pondstraddler”, invited interested readers with international connection concerns to take the...

  • Are you a Pondstraddler?
    Mar 24, 2018 8:00 am

    Are you a Pondstraddler?

    One of the most frequent lines of questioning I receive from readers is to do with islanders’ increasing interconnection with the outside world — and all of its rules and regulations.

    In response to that, the Moneywise column, on the last...

  • Living beyond our means
    Mar 17, 2018 8:00 am

    Living beyond our means

    Martha Myron, Moneywise

    Now that all the pomp and circumstance, experienced pundit reviews, and scrutiny by the public (in the papers, of course) is long gone, it is now the turn of a lowly Bermudian financial planner — who writes for the...

  • Time to wrap up your financial literacy test
    Mar 10, 2018 8:00 am

    Time to wrap up your financial literacy test

    Last week we posted the first part of the annual Bermuda financial literacy test. Here is the second and final section for those brave souls who want to stress their brains this weekend.

    The total test of 25 questions is relatively easy...

  • It’s time to test your financial literacy
    Mar 3, 2018 8:00 am

    It’s time to test your financial literacy

    Dear readers, we discussed the all encompassing role of mathematics in our economy, our lifestyles, and our very existence, last week.

    We alone determine where we end up in our financial life. We can’t rely upon anyone but ourselves. We can...

  • 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...

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