Frankly, I don't monitor my retirement accounts anywhere near as closely as I should.
Who has the time?
But I do try to look at them every quarter or so, to think about how they are doing and what I should change, if anything.
So I signed on and looked at my IRA, and was reading through the various positions.
And I noticed information for a company I'd never heard of!
How did a company I'd never heard of appear in my account? Did I fumble-finger some trade, months ago? Was I hacked? The "purchase history" for the new company showed three apparently legitimate trades, dating back to 2011.
Then I did some web surfing, and arrived at: Kimberly-Clark Announces Details for Completion of Kimberly-Clark Health Care Spin-Off
Kimberly-Clark Corporation (NYSE: KMB) today announced the record date, distribution date and distribution ratio for the previously announced tax-free spin-off of its health care business. The spin-off will form the new publicly traded company, Halyard Health, Inc. Kimberly-Clark also increased its 2014 share repurchase program to take into account expected proceeds as a result of the spin-off.
Kimberly-Clark shareholders will receive one share of Halyard Health common stock for every eight shares of Kimberly-Clark common stock held as of the close of trading on Oct. 23, 2014, the record date for the spin-off.
And, sure enough, the dates of the three trades are precisely the three occasions on which I purchased Kimberly-Clark stock in my IRA.
The computers had quietly taken care of it all.
But, really, I ought to pay more attention to my retirement accounts.
Maybe next year, he says...