u/mikeblas

taking RMD in-kind shares instead of cash

I have to take RMDs from my IRAs. I've been thinking that I'd like to take shares rather than selling to cash and then buying again.

I can't find a way in the Fidelity web UI to transfer shares from my IRA. I can withdraw cash no problem.

Is there a way to do it? Is it a bad idea to take RMDs as in-kind share transfers instead of selling in the IRA account and taking the cash?

If I took an in-kind transfer, how would the cost-basis of the shares be set? My understanding is that it resets to the fair market value at the time the transfer is done. Is that correct?

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u/mikeblas — 3 days ago
▲ 9 r/Tekton

electronic torque wrenches any good?

Anyone using these? Surprised there are no posts here about them -- just one a few months ago, when they were first introduced.

I've seen a couple of reviews, and I'm considering getting the 3/8- and 1/2-inch models to replace my aging micrometer torque wrenches (an old Snap-On, and a newer Wurth).

There've been a couple good YouTube reviews, but I'm interested in hearing about experiences from anyone else. Also, any rumors about a 1/4-inch model?

How's the battery life? Isn't it weird that the 1/2 and 3/8ths are the same length?

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u/mikeblas — 6 days ago