Hi LaceyLynne,
I, too, am older. (I'd tell you how old but have been reluctant to since the hormones kicked in. What is it with that?

)
I started hair removal before hormones, mainly because the process takes a long time. I also wanted her to remove as much chest hair as possible before my growing breasts got tender. (Too late - they're already tender.)
I've had good results. I had laser to remove all the dark hair. Once progress was made there, I started electolysis to remove the white hair. That is much slower because it is done hair-by-hair. I'd guess that I have another 3 months or so of laser, at longer intervals between sessions, and at least that long to go with electrolysis. (My first laser session was March 18.)
The laser gets easier (less painful) as there is less dark hair. The electrolysis seems to depend on how the planets are lined up or something.

One thing I read said that hair removal can be the biggest expense of the whole transition. I don't think that is still true; I don't expect to spend as much as I will on the GRS. (I'm not doing FFS - too chicken.

) Still, hair-removal can get expensive. I'm going for it all. I told the laser gal I want hair on my scalp, eyebrows, eyelashes, armpits and pubic area - the rest can be removed.
Even if you don't transition and just crossdress now and then, the hair removal helps with that.
Good luck!
- Kate