Processes of coping with performance deficits in different domains of functioning were investigated in a 4-year longitudinal study involving a core sample of 762 participants (initial age range: 58-81 years). Compensatory efforts to counteract functional impairments were found to increase up to the age of 70 years. Above that age, a decrease in compensatory efforts was observed that was linked to a decrease in the availability and efficiency of action resources. Contentment with actual performance levels remained stable across the entire age range of the study. Stability of self-evaluations was found to depend on adjustment of personal standards: Scarce action resources were accompanied by a lowering of personal comparison standards and by a downgrading of the importance of the respective domains. Accepting more lenient standards of comparison was found to buffer negative effects of performance deficits on contentment with performance among the older participants.