u/Murky-Reference790

My husband and I (32 M&F) recevied a six figure distribution from a family trust. We have maxed out ROTH IRAs every year and each have generous work retirements. Where can we put this trust money to avoid additional tax penalties on gains? We are high earners in a lcol area and do not need the money for everyday living and would prefer to put it in a tax deferred account that would benefit us for retirement. What options exist for this distribution? Currently, we have it invested in regular money market account but are looking for alternatives. Thanks in advance for any advice!