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: 830-368-2898See omnystudio.com/listener for privacy information.

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