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.
What it pertains to is the percentage an employee gets from employer contributions to their retirement plan. Fully vested means that the employee now owns 100% of his/hers employer contributions to their retirement plans. The most common vesting schedule is a 5 year schedule that begins with 20% and finishes at 100%. Once at 100% with no breaks in service you stay at 100%.