I retired this past June from Teaching 33 years here in Pa. I rolled my contribution into a rollover IRA approximately 236,000. In August I mistaken transferred 135,000 into a Mid cap Growth Brokerage fund that was not an IRA. I did not notice the mistake until I started completing my tax return. This error not only requires me to pay the tax on this amount but also puts me up a tax bracket with an income of slightly over 200,000, but also the need to pay a 10% penalty because I was not 591/2 at the time of the transfer. I reach that milestone March 22 2019. I realize I am beyond the 60 day grace period .
I was wonder ing if is a way to at least get my tax debt down by contributing enough to another IRA or reinvesting the money into something else. With penalties and being bumped up to a higher tax bracket I am looking at a lost of a good deal of money and if possible would like to negate some of this.