You have been referred to two prospective clients, Alberto and Donna Terroni, who would like your assistance in planning their retirement. During your initial meeting, Alberto and Donna admitted they hadn't thought about retirement, as they were preoccupied with raising their children and dealing with current expenses. They are somewhat apprehensive about retirement and how they will cope with all the changes it will bring. Alberto is 45 years of age, and Donna is 40, and they have two children aged 12 and 15. Both clients are salaried employees: Alberto is an account representative and has a pre-tax annual income of $60,000 (approximately $37,000 after-tax); Donna is a nurse and earns a pre-tax annual income of $50,000 (approximately $31,000 aftertax). Both their positions are stable, and they feel confident about their job security. They would both like to retire when Alberto reaches age 60; however, they are prepared to continue working until he is 65 if this will ensure they can maintain their current standard of living during retirement. Preserving their present lifestyle is one of their main objectives. Alberto and Donna both love golf, and they can envision playing at least twice a week when they retire. Alberto also