INSURANCE

BRETT GOLDSTEIN

516-346-2999

CALL 516-346-2999 TO SPEAK WITH BRETT GOLDSTEIN

Today's employees seek a mix of traditional employee benefits. Traditional benefits like health insurance are important as it is the number one requested benefit among employees. For companies that cant afford health insurance, The Pension Department can provide a health plan that is affordable for the company as well as providing a way for the employee to pay the premium on a pre-tax basis. For the older employees The Pension Department can provide Medicare coverage thus saving the business money.

function calculate401k() { const currentAge = parseInt(document.getElementById('currentAge').value); const retirementAge = parseInt(document.getElementById('retirementAge').value); const annualSalary = parseFloat(document.getElementById('annualSalary').value); const contributionRate = parseFloat(document.getElementById('contributionRate').value) / 100; const employerMatch = parseFloat(document.getElementById('employerMatch').value) || 0; const currentBalance = parseFloat(document.getElementById('currentBalance').value) || 0; const expectedReturn = parseFloat(document.getElementById('expectedReturn').value) / 100; const salaryIncrease = parseFloat(document.getElementById('salaryIncrease').value) / 100; const inflationRate = parseFloat(document.getElementById('inflationRate').value) / 100; if (isNaN(currentAge) || isNaN(retirementAge) || isNaN(annualSalary) || isNaN(contributionRate) || isNaN(expectedReturn)) { document.getElementById('result').innerHTML = "

Please fill out all required fields correctly.

"; return; } const yearsToRetirement = retirementAge - currentAge; let totalContribution = currentBalance; for (let year = 0; year < yearsToRetirement; year++) { const yearlyContribution = (annualSalary * Math.pow(1 + salaryIncrease, year)) * contributionRate + employerMatch; totalContribution += yearlyContribution; totalContribution *= (1 + expectedReturn); } const realValueAtRetirement = totalContribution / Math.pow(1 + inflationRate, yearsToRetirement); document.getElementById('result').innerHTML = `

Your estimated total balance at retirement is $${totalContribution.toFixed(2)}.

Adjusted for inflation, the estimated value is $${realValueAtRetirement.toFixed(2)}.

`; }

INSURANCE

BRETT GOLDSTEIN

516-346-2999

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