This study investigated whether lifelong bilingualism can be associated with enhanced executive control, particularly mental flexibility, and with a modulation of an age-related decline in these functions. We compared performance of middle-aged and elderly speakers of German and bilingual speakers of Dutch and Frisian in a cued task-switching paradigm. All bilinguals were fluent in the same, closely-related language pairs. Bilinguals incurred significantly lower switching costs than monolinguals, and elderly bilinguals were less affected by an age-related increase in switching costs than monolinguals. Bilinguals did not differ from monolinguals in the size of the mixing costs. Our findings suggest that lifelong bilingualism correlates with enhanced ability to shift between mental sets, as well as increased resistance to proactive interference. The fact that we found significant group differences – while some previous studies did not – may be attributable to the choice of our task and to the cognateness of the languages involved.