Successful and healthy aging is characterized by maintenance of physical, cognitive, and psychological functioning of an adult and if possible, further enhancing them. Such aging involves physical as well as psychosocial well-being. Resilience is a very important factor for successful aging. Middle and late adulthood involves various challenges such as retirement, physical illness, and loss of spouse. Successful coping and management of these situations is to some extent determined by his or her resilience. Since resilience involves a pattern of positive adaptation in the context of significant adversity or risk, it plays an important role in determining how an individual would cope with the challenges of adulthood and walk steadily on the path toward successful aging. Ageist stereotypes have often led people to believe that elderly individuals have limited resilience. However, there is a growing literature that suggests that older adults too have resilience level like that of young individuals. The studies of resilience among the older adults have pointed out toward many other benefits of resilience apart from its importance in successful aging. High resilience proves to be a psychological asset with its benefits to physical, psychological, and well as social well-being of the older adult. It is associated with increased longevity, better quality of life, and even strong social support network. Resilience among older adults is influenced by internal factors such as psychological strengths, attitudes, and by external factors in their physical and social environment such as social connectedness and neighborhood. Understanding these factors is important for the development effective interventions for building resilience among older adults. Understanding the significance of resilience has resulted to attempts made by researchers to develop interventions to build resilience among older adults. Interventions that help in enhancing resilience includes use of mindfulness-based techniques, cognitive-behavioral techniques such as cognitive reframing, mastery development, and savoring positive emotions have been found to have a positive influence on building resilience. However, even volunteering and community involvement may be further explored to investigate its role in building resilience among older adults.