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?