In this episode of "The Ascent," Sam McGee (CEO, Crestmont Private Wealth) and Alec Walker (EVP of Financial Planning) discuss the impact of layoffs in the energy sector, financial planning strategies during uncertain times, and the importance of diversification and adaptability. They share practical advice for individuals facing layoffs, including emergency savings, investment strategies, and maintaining a strong professional network. The conversation also touches on the emotional side of career transitions and the growing influence of AI on the workforce.

00:00 – Introduction: Meet Sam McGee and Alec Walker

00:46 – Energy Market Uncertainty & Layoff Statistics

01:47 – How Crestmont Helps Families Facing Layoffs

02:49 – Financial Planning: Emergency Savings & After-Tax Investments

05:27 – Investment Diversification & Overconcentration Risks

09:58 – Tax Implications of Company Stock

12:00 – The Double Whammy: Layoffs & Stock Downturns

13:30 – The Human Side: Emotional Support & Building Trust

15:00 – The Future: AI, Industry Disruption, and Adaptability

16:34 – Professional Networking & Continuous Learning

18:13 – Who Crestmont Works With & Parting Advice

19:33 – Closing Remarks & Contact Information

Original Air Date: October 11, 2025 at 8:30am as heard on Boerne Radio 103.9FM

Contact: www.crestmontpw.com

Alec Walker in Houston: 831-280-5288

Sam McGee in Boerne: 830-368-2898

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