Atrial fibrillation is common in the elderly and requires an individualized treatment approach balancing stroke and bleeding risks. Rate control is generally recommended for those over age 80, while rhythm control may be suitable for highly symptomatic or younger patients with few comorbidities. Anticoagulation reduces stroke risk but requires consideration of frailty, cognition, polypharmacy, nutrition, and life expectancy. Novel oral anticoagulants offer advantages over warfarin for the elderly due to fewer drug interactions and more predictable dosing.