This article reveals the gendered impacts of ageing by examining the lived experiences of older couples in Dhaka city. Based on an analysis of data collected through in-depth interviews, the findings reveal that the value of aged parents remains significant in families of urban working couples. However, with advancing age and the break down of traditional family systems, older couples experience substantial changes in their gender roles and power status within the domestic sphere. Losing family breadwinner roles, lonely retired men suffer more from a feeling of powerlessness, whereas their wives continue with caregiving responsibilities. The altered life circumstances boost a sense of equality in some men, making them more caring and empathetic towards their wives. On the contrary, guided by traditional norms and values, several older men remain dominant and exercise control over their spouses which is similar to the behavior throughout their married life.