Managing Your Assets, Investments, and Money Post-Divorce with Austyn Garcia | Episode 134

Investing in Divorce: How to Handle Financial Assets Post-DivorceIn this episode of Divorce at Altitude, Ryan Kalamaya is joined by Austyn Garcia, a financial advisor at Denver Wealth Management. Together, they discuss the various financial considerations individuals face after a divorce, focusing on the decision-making process regarding investments, asset allocation, and tax implications.Austyn offers valuable insight into how couples can make sound financial decisions during a divorce, taking into account the long-term impact of taxes and market volatility. The discussion also delves into behavioral economics and the psychological aspects of money during a stressful time like divorce.Guest InformationAustyn Garcia is a financial advisor at Denver Wealth Management, specializing in investment management, cash flow management, and tax mitigation strategies. He has been in the financial industry for over four years and transitioned from a marketing role to financial advising. Austyn holds a degree in economics and has certifications in the financial advising space.Episode OutlineIntroduction to the EpisodeRyan introduces Austyn Garcia, a financial advisor at Denver Wealth Management, to discuss the financial implications of divorce and the strategies that can help clients navigate post-divorce asset management.Types of Financial Accounts and Their Tax ImplicationsAustyn explains the different types of financial accounts that may come into play during a divorce, such as IRAs, Roth IRAs, 401(k)s, and savings accounts.The Importance of Asset Allocation in Divorce SettlementsRyan and Austyn dive into the complexities of asset allocation, particularly when it comes to real estate and investments.Managing Real Estate Post-DivorceAustyn addresses the emotional and financial considerations that come with keeping or selling real estate post-divorce.Financial Decision-Making for Melanie: What Should She Do with Her Money?The episode concludes with a discussion on what Melanie should do with the settlement money she receives from the divorce.What is Divorce at Altitude? Ryan Kalamaya and Amy Goscha provide tips and recommendations on issues related to divorce, separation, and co-parenting in Colorado. Ryan and Amy are the founding partners of an innovative and ambitious law firm, Kalamaya | Goscha, that pushes the boundaries to discover new frontiers in family law, personal injuries, and criminal defense in Colorado. To subscribe to Divorce at Altitude, click here and select your favorite podcast player. To subscribe to Kalamaya | Goscha's YouTube channel where many of the episodes will be posted as videos, click here.  If you have additional questions or would like to speak to one of our attorneys, give us a call at 970-429-5784 or email us at [email protected].************************************************************************DISCLAIMER: THE COMMENTARY AND OPINIONS ON THIS PODCAST IS FOR ENTERTAINMENT AND INFORMATIONAL PURPOSES AND NOT FOR THE PURPOSE OF PROVIDING LEGAL ADVICE. CONTACT AN ATTORNEY IN YOUR STATE OR AREA TO OBTAIN LEGAL ADVICE ON ANY OF THESE ISSUES.