bikeguy-
Five days a week in the gym is ok for a 'jump start' period, but more rest between sessions is required over a long haul for full recovery, especially as we get older. How do you feel with your current workout schedule? If you're a bit tired when you roll out of bed in the morning, maybe cutting back a day is a good idea.
The excess weight many of us carry took years to accumulate, so we shouldn't expect it to go away in a short period. Patience, consistency, discipline and reasonable expectations are the foundation for a sensible weight loss program. A pound or two a week over time will get you to your goal weight, and you'll be healthy when you get there.