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David S. Sennett

Independent IRA Consultant

David S. Sennett is an independent IRA consultant in Creve Coeur, Missouri. For over a decade, he dealt with IRA issues as a risk manager for Wachovia and Wells Fargo Banks.

David S.’s Recent activity

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The SECURE Act’s Hidden Headline
May 21, 2021
The newly created non-required distribution period may negatively impact a trust’s current income beneficiary’s entitlement to all the trust’s net income.
Let's Finally Perfect The Spousal IRA Rollover
Feb 01, 2009
For some time, prominent commentators have requested that the Internal Revenue Service publish official guidance to deal with this increasingly common scenario:1 A deceased spouse's IRA is payable to a trust in which...
Adjusting IRAs' Investment Returns
Feb 01, 2008
In Revenue Ruling 2006-26,1 the Internal Revenue Service focused on two fiduciary accounting rules involving payments from an individual retirement account (IRA) to a trust intended to qualify for the estate tax...
Alternative Investments: Perils for IRA Trustees
Jul 01, 2007
Trustees of individual retirement accounts (IRAs) have increasingly seen participants turning to nontraditional or alternative investments in their accounts. These investments include not only real estate but also...
Alternative Investments: Perils for IRA Trustees
Jul 01, 2007
Trustees of individual retirement accounts (IRAs) have increasingly seen participants turning to nontraditional or alternative investments in their accounts. These investments include not only real estate but also...
Avoid FLPs
May 01, 2003
The most important element in determining gift and estate liability is the value of the asset being transferred. To reduce that value, estate planners create family limited partnerships (FLPs) and family limited...
Avoid FLPs
May 01, 2003
The most important element in determining gift and estate liability is the value of the asset being transferred. To reduce that value, estate planners create family limited partnerships (FLPs) and family limited...