Starting from the research of the Austrian psychiatrist Viktor Frankl, the meaning in life proved its importance, being studied in the context of different research traditions, existential psychology, positive psychology, clinical psychology, developmental psychology. The study follows the line of recent research on meaning in life detailed in the project. The purpose of the research: highlighting the connections between meaning in life and the hierarchy of values in elderly is less highlighted in Romanian psychological research. The research highlights the changes that occur in the personality of the individual at retirement age and the psychological mechanisms with an adaptive role in this regard. The research results are important for the psychology of interpersonal relationships in elderly and for the Romanian society in this time when the role of grandparents in the relationship with grandchildren is not sufficiently valued. Relationships with family, relationships with grandchildren build a positive perception of meaning in life. General objectives: the central hypothesis of the study is that the meaning in life, the subjective perception of one's life history, its interpretation based on the system of personal values can lead to the conclusion that life is worth living or not, psychological well-being reflected in physical health, or a dysphoric mood dominated by anxiety-depression. According to Viktor Frankl's theory, people need to give meaning to life and this motivation he called "the desire for meaning" (1959/2006, 1969). The personal values of the individual are generative of meaning. The research aims the correlation between the meaning in life in elderly, the meaning-generating values and the psychological well-being. Other concepts detailed in the study are: quality of life, self-esteem, mood, perception of social support, psychotherapy and psychological counseling. The target of this study are Romanian’s older people, with variables related to: age range, sex, education, economic status, medical and psychiatric history. The research will highlight the perception of quality of life, personal values and meaning in life in elderly.