While not for everyone, those who can pull it off (you need good bone structure and a bit of bravery, since there's no hair to hide behind) often do it with great style. Here are some of the best photos of pixie haircuts on women over 40.
Viola Davis makes the pixie look sexy with longer bangs to cover her eyes. This is a great option for the illusion of more length (in the bangs) while still keeping the back and sides fairly short.
More Hairstyles for Older Women: