Wednesday, January 03, 2007

Dividends Yes Yes I Love Dividends Yes!

Evidently TIAA-CREF declared dividends when I wasn't looking (Dec. 22nd, to be precise) and I got a bunch o' free money!

TIAA-CREF Small-Cap Value Index Fund - Retirement Class $0.02
TIAA-CREF Small-Cap Equity Fund - Retirement Class $0.06
TIAA-CREF Mid-Cap Blend Index Fund - Retirement Class $0.09
TIAA-CREF Small-Cap Value Index Fund - Retirement Class $0.28
TIAA-CREF Small-Cap Value Index Fund - Retirement Class $0.48
TIAA-CREF Small-Cap Equity Fund - Retirement Class $0.54
TIAA-CREF Small-Cap Equity Fund - Retirement Class $0.61
TIAA-CREF Mid-Cap Blend Index Fund - Retirement Class $0.62
TIAA-CREF Mid-Cap Value Fund - Retirement Class $0.69
TIAA-CREF Mid-Cap Value Fund - Retirement Class $1.38
TIAA-CREF Mid-Cap Value Fund - Retirement Class $2.70
TIAA-CREF Small-Cap Value Index Fund - Retirement Class $2.75
TIAA-CREF Mid-Cap Blend Index Fund - Retirement Class $4.15
TIAA-CREF International Equity Fund - Retirement Class $12.60
TIAA-CREF Mid-Cap Blend Index Fund - Retirement Class $15.80
TIAA-CREF International Equity Fund - Retirement Class $36.35
TIAA-CREF International Equity Fund - Retirement Class $91.84

$170 of free money!! I love it. Not sure why all the parts were declared separately - maybe from separate purchases? - but each type used the same share price for each instance. But I'm pretty happy. My net worth will get a nice bump when all activity goes through for this month - I sent in money to fill out the rest of my Roth (about $2600) and with the whole balance transfer fiasco, Discover only ended up giving me a credit like of $6k so I am just going to pay the rest off, rather than pay the default 10% on the BoA card. Plus my retirement contributions for the month don't generally hit until the 5th-9th, which is why I wait to update my net worth till then. Can't wait for my new higher contributions to kick in at the end of this month!!

2 comments:

Anonymous said...

Hi Kira! Congrats on the dividends. Notice how they're all broken up into three parts. I'll bet they are (1) dividends, (2) short-term capital gains, and (3) long-term capital gains, which are all taxed at different rates in non-sheltered accounts but don't really matter for your retirement account.

mOOm said...

Dividends aren't extra money really - the value of each fund unit will fall by the amount of the dividend. Matt is right about the breakdown.