Michael recently celebrated his 54th birthday. He and his wife, Kamala, age 53, haven't saved much for retirement. They both work full-time, but vacations, eating out, clothes, and house and car payments use up most of their take-home pay. A recent downturn in the stock market means that together they have only $33,000 in their 401(k) retirement plans at work. Even when added to their Social Security benefits, this isn't enough money to support 20 or so years of retirement. Michael and Kamala worry it might be too late for them to save enough.
Is it too late for Michael and Kamala to save more for their retirement years?
Yes /No 
In addition to their 401(k) plans at work, Michael and Kamala's other ways to invest money for retirement might include:
a. Mutual funds 
b. Bonds 
c. Individual retirement accounts (IRAs) 
d. Annuities 
e. All of the above 
Should Michael and Kamala review all of their investments and consider making changes from time to time?
Yes /No