Assuming 2 dates, Date 1 (in Cell A1) and Date 2 (in Cell A1)(Date 1 is the person's birthday, for example, and date2 might be today's date)...
In Cell A3, type the formula--
=YEAR(A2)-YEAR(A1)
This will return the years bewween the dates. In Cell A4, type the formula--
=IF(A3>50,"Too Old","Young Enough")
...where "50" is the age you're testing against. This age could be in another cell, and the formula could refer to it. The formula would then become (assuming the age is, say, in A10)...
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