Red Dwarf (dM) stars are the most numerous stars in our Galaxy. These faint, cool, long-lived, and low mass stars make up > 80% of all stars in the Universe. Determining the number of red dwarfs with planets and assessing planetary habitability (a planet’s potential to develop and sustain life) are critically important because such studies would indicate how common life is in the universe. Our program - "Living with a Red Dwarf" addresses these questions by investigating the long-term nuclear evolution and magnetic-dynamo coronal and chromospheric X-ray to Ultraviolet properties of red dwarf stars with widely different ages. The major focus of the program is to study the magnetic-dynamo generated X-ray-Ultraviolet emissions and flare properties of red dwarf stars from youth to old age. Emphasized are how the stellar X-UV emissions, flares & winds affect hosted planets and impact their habitability. We have developed age-rotation-activity relations and also are constructing irradiance tables (X-UV fluxes) that can be used to model the effects of X-UV radiation on planetary atmospheres and on possible life on nearby hosted planets. Despite the earlier pessimistic view that red dwarfs stars are not suitable for habitable planets - mainly because their low luminosities require a hosted planet to orbit quite close (r <0.3 AU) to be sufficiently warm to support life. Our initial results indicate that red dwarf stars (in particular the warmer dM stars) can indeed be suitable hosts for habitable planets capable of sustaining life for hundreds of billion years. Some examples of red dwarf stars currently known to host planets are discussed.