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.
Vesting refers to ownership. Another way of looking at it is, if you have $10,000 in your retirement plan and you are 30% vested, you own $3,000. Your vested portion can never be reduced. If you leave your employer, the vested portion of your account can go with you or (in some cases) you can cash it out.