The question here is: What is really important in your life and where do you want to go from here? How do you see yourself? In practical terms, this is mostly a question of taking life and its problems and fears more calmly.
The old man / old woman is and always has been the symbol of the teacher. Often, it also represents the grandfather or grandmother of the dreamer or even the dreamer him / herself. This image may also express a desire for greater peacefulness. Standing at the outside of society looking in, like the Alchemist. Gaining freedom since one has nothing to lose.