Hindsight bias is a common bias that everyone experiences. You have probably experienced it numerous times in your life without even realizing it. In this lesson, you will learn the definition of hindsight bias and be provided with some examples.
Vested Definition: Vested is the term used to determine how much of your 401(k) funds you can take with you when you leave your company. Vesting refers to the ownership of your 401(k). When you are considering your contributions to your 401(k), you may be wondering how much of the money is yours.
The process of becoming vested may vary from one state to another, or from agency to agency. In some states, you will only have to work for a particular department for a minimum of five years before becoming vested, while in other situations, the length of time is ten years.