Why is this couple not working with a financial planner? A good planner will take the time to do a detailed analysis to get them on track and keep them there. Contrary to what the media may tell you,  people who work with a planner are far better prepared for retirement than those who do not. Do your homework on how to choose a Certified Financial Planner and interview a few. Carefully gather all of the information they ask for, ask lots of questions, and take the time to schedule meetings to review it regularly. Be conscious of fees, but don't completely disregard getting advice to avoid fees. That is bad advice!