After all, the 2015 stock market was not that bad, says Frye, the financial planner.
As for Michael Sokal, he has been slowly shifting his portfolio towards a more moderate risk profile, and has eased back on things like travel expenses.
Still, that hasn't taken the edge off the dread he feels about the economic challenges on the horizon.
"One retiree friend of mine canceled a trip he had been looking forward to for a long time, and another decided to just keep working for years to come," says Sokal.
"Our financial adviser once told my wife and I that at least one of us should plan on living to 100 - and that really struck home."