Spring Plans

Women have only had the ability to independently manage their finances for a relatively short time. Julia Chung (@JuliaChungFP) explains how that history can help us understand the financial anxiety some women still experience today.

Episode #77 is out now! Our guest this episode is Julia Chung (@JuliaChungFP) — CFP, FEA, TEP, Co-Founder and CEO of Spring Planning and Chair of the Financial Planning Association of Canada. Julia has worked in financial services since 1997 and has run an advice-only planning practice since 2011. She first joined Dave back on Episode #43 and returns for a second wide-ranging conversation. In this episode, Dave and Julia dive into women and money: why young women are so hungry for financial education, what the research actually shows about female investors and why fewer women are entering the financial profession. They also cover how differences in life expectancy between men and women should shape a financial plan, and why cash flow management and simple spending summaries remain the foundation of good planning. Julia also challenges some of the conventional thinking around the great wealth transfer. The conversation also explores what separates table-stakes service from what clients really need from an advisor, why Julia chose the advice-only model and how she is scaling that practice at Spring Planning. Along the way, Dave and Julia weigh in on whether affluent Canadians are leaving the country for tax reasons, why Dave adds 15% to insurance needs and whether a young planner can succeed without years of experience. Whether you're a financial professional, a longtime listener or someone trying to get a better handle on your own money, this episode is full of candid, practical insights you won't want to miss. Tune in now on our website, YouTube, Apple Podcasts, Spotify and all other podcasting platforms.

Dave and @JuliaChungFP unpack why RRSPs have taken so much unfair heat and why that misinformation is costing people.

.@JuliaChungFP and Dave explain why they dislike the trend of adding kids as joint owners, and why trying to avoid probate this way can seriously backfire.

Episode #43 is out now! Our guest this week is @JuliaChungFP, CFP®, FEA, TEP — CEO of @SpringPlans, President of FPAC and a Financial Planning & Family Enterprise Consultant with over 25 years of experience helping people navigate complex financial decisions. In this episode, Dave and Julia explore what advice-only financial planning really means and why human-led planning matters more than ever. Their conversation ranges from the challenges of implementing financial plans to the rise of niche specialization in the industry and how retirees should think about the mosaic of retirement income. Julia also shares her insights on difficult but critical topics like planning for when one spouse passes away, choosing the right executor/POA and why adding kids as joint owners can be risky. Whether you’re building a plan, managing a family business, or simply thinking more deeply about your financial future, this thoughtful and wide-ranging conversation is packed with insight. Tune in now on our website, YouTube, Apple Podcasts, Spotify or wherever you get your podcasts!