Older adults tend to perform worse on cognitive, behavioral, motor, and sensory tasks compared to younger adults, and differences in white matter that may be associated with this phenomenon are being actively investigated. Most prior studies of white matter differences between older and younger adults have analyzed diffusion weighted images using diffusion tensor imaging (DTI) analysis. But DTI results can be affected by many different factors (e.g., fiber density, fiber cross-section, crossing fibers) that are difficult to distinguish, making the interpretation of these results challenging. Recently, new fixel-based analysis (FBA) techniques have been developed that address some of these concerns, but these techniques have not yet been applied in the domain of aging. In this study, we used both DTI and FBA to analyze differences in white matter in a large sample of older and younger healthy adults. Both analysis methods identified age differences in forceps minor, fornix, bilateral internal capsule, and bilateral inferior frontooccipital fasciculi, but the FBA results provided novel insights into the underlying structural differences. Furthermore, DTI analysis identified differences in superior longitudinal fasciculus that are not reflected in fiber density or cross-section and may instead be due to differences in crossing fiber geometry. Finally, the FBA results identified clearer differences in limbic white matter than did the DTI analysis. It also provided stronger evidence of an anterior-posterior asymmetry and segment-specific variations in white matter differences between older and younger adults. These results demonstrate the power of fixel-based analysis and provide novel insights into some of the major white matter differences associated with healthy aging.