The article considers peculiarities of elderly people conscious perceptions of their own future, as well as it considers how they focus on attainable goals and on connections of these goals with professional determination of elderly people in time perspective. Article describes theoretical approaches which touch the problem of connection of life goal choosing and the existence of human life. Using the method of nonlinear relationships, a close relationship of psychological factors and their mutual influence are highlighted. Psychological factors: “Caring for one’s own health” and “Mastering a profession and skill”; “Do good for other people” and “Master the profession and skill”; “Have good friends” and “Master the profession and skill”; “Master the profession and skill” and “Travel the world”; “Finding a calling and“ Traveling the world ”are presented as a way for older people to select goals. Ways of choosing goals by people of late adulthood are considered in a two-year time perspective. Attention is focused on the implementation of time control in connection with understanding the finiteness of life. Article clarifies the role of psychological and pedagogical aspect as possible and accessible way in search of answers to life challenges of elderly people is also discussed. Authors consider the role of psychological help and pedagogical impact on elderly people obtaining the opportunity to place independently real and attainable goals, being fully aware of their sense and the meaning of their own existence.