Higher Taxes Coming
The following was in Ed Steer's Daily Commentary on Wednesday, and I thought it foreshadowed perfectly what we can expect here in the US as well. Although most of our real estate wealth has been spent, and Americans would eventually just walk away from their upside-down mortgages and go rent rather than paying higher real estate taxes, there is a bunch of money in retirement plans that I am sure our elected officials will find a way to get a larger peice of as budget shortfalls grow larger. Never forget, governments aways go to where the money is.

Greeks Vow To Rebel Against New 'Monster Tax'
The Greek government's new real estate tax, a desperate bid to meet its budget goals and secure fresh foreign aid, will hit the population hard. Greeks have almost their entire wealth invested in property -- and are more worried about the tax than about the prospect of a national insolvency or leaving the euro.

As I have advised often on this blog, you should be getting money out of retirement plans at this stage of the game and converting your dollars to assets that can remain under the government tax radar. Of course, gold fits that bill perfectly.