YOUNG FAMILY FINANCIAL PLANNING STRATEGIES TO ACHIEVE FINANCIAL FREEDOM IN RETIREMENT WITH FINANCIAL RISK AS A MODERATION VARIABLE

Abstract

A stable financial life and achieving financial freedom in retirement is the dream of every family. This is becoming increasingly important for young families, where they need to prepare early to face various financial challenges and risks in the future. This research aims to analyze effective financial planning strategies for young families in achieving financial independence in retirement, taking into account the role of financial risk as a moderation variable. This research uses the Systematic Literature Review (SLR) method with data collection through literature studies. The collected data is then systematically analyzed by identifying key findings and patterns emerging from the literature investigated. The results showed that financial planning strategies significantly affect financial freedom in retirement. So by planning finances wisely and disciplined, individuals can build enough savings and investments to meet their financial needs in retirement. One can create adequate financial stability in retirement through budget setting, proper investments, and good debt management.