Old age is a crisis in the life cycle which involves an unavoidable confrontation with human transience and an identity crisis similar to the angst of adolescence. Old people often experience hypochondria, depression and a surge of narcissism. Though psychoanalysis is more respectful of the elderly than are many professional communities, institutes and their communities struggle to deal with luminaries who show signs of cognitive decline or are dealing with a terminal illness. This paper considers the question of how termination with the aging analyst can be handled therapeutically. It also considers a few advantages of aging and techniques to cope with its challenges. The crucial need for objects to project onto and identify with is emphasized.