We review recent work on the decay of magnetic activity signatures, such as chromospheric/transition region/coronal emission as well as mean flare emission, with age for solar and later type stars. Both implicit and explicit evolutionary representations are discussed. In terms of magnetic flux, as measured by excess chromospheric CaII luminosity, we show that a simple dynamo-rotation relation that incorporates both a saturated state with its characteristic critical rotation (or scale factor) as well as an asymptotic linear power law, i.e. a scale free relation, fits the extant data that includes the dMe stars. Introducing the saturated dynamo state, as exemplified by the dMe stars, into activity power-power diagrams, allows us to not only specify the saturated state, but to define evolutionary tracks that represent the decay from the saturated state. Using the quiescent coronal X-ray power (luminosity) as a basic measure of magnetic activity, we find simple monomial relations for both the saturated state (linear) and for the evolutionary tracks governing both quiescent activity and mean flare activity. In particular, the coronal power loss is found to vary quadratically with the chromospheric power loss, hence with magnetic flux.