Thank you all for your helpful replies - I appreciate all of them!
Jeff - your reply about "32 bit programs in a different folder - Programs (X86)" Is that something that I must do?? I might have one program that is 64 bit and the remaining 32 bit. Frankly, I'm not real computer savvy and usually take the "recommended path" during a program install, verses setting up a different path. If I can get away with the default path I would feel more comfortable. Your thoughts anyone??