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
See omnystudio.com/listener for privacy information.
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