This week on the Retirement Quick Tips podcast, I'm breaking down the generational differences between Gen X & Boomers. These two generations approach money very differently, and those differences have a big impact on how they save, plan for retirement, and ultimately live in retirement.

While Boomers love to talk about the assassination of JFK and the landing on the moon and can tell you exactly where they were and what they were doing during both events, Gen X remembers the Challenger exploding, the LA riots, and the suicide of Kurt Kobain.

The defining economic event that shaped Gen X's financial path was the dot com bust. Younger Gen Xs were just finishing school and launching their careers in the late 1990s and early 2000s, while older Gen Xs ers - 35 years old at this time, were now well established.