Retirement is a major psychological, emotional and financial event that occurs in late adulthood for many people. The topic is explored in terms of the wide variety of patterns that exist in the way individuals retire. The life satisfaction and well-being of people during their retirement years is studied and probed. Finally, the numerous social adjustments that one must make and suggestions for optimal adjustments are discussed. Along with retiring, many seniors also make changes in living arrangements. Today, more than ever in our history, there are numerous options for seniors with respect to housing. A wide variety of these options are studied ranging from completely independent living to completely dependent living and the many choices available in-between these extremes. The importance of seniors feeling they have a sense of control is examined as well.