Insurance Role: Covers risks like loss of income or property damage, protecting household financial stability.
Debt Counseling: Advisers guide households to manage borrowings, ensuring repayment aligns with income and does not strain finances.
Asset Allocation Focus: Emphasizes allocating savings across asset classes based on risk tolerance and financial goals, rather than individual security selection.
Tax Efficiency: Considers taxability of investment income (e.g., dividends, interest) to optimize returns, though not the primary basis for investment decisions.
Retirement Corpus: Advisers assess adequacy of retirement savings, factoring in future expenses and investment income.
MODELEXAM® 
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