If you converted your IRA to a Roth IRA last year, you have until Oct. 15 do what's called a recharacterization, which essentially lets you undo the conversion and get a do-over. And there may be some big tax benefits to doing that now.
The Roth IRA is one of the best retirement vehicles around, thanks primarily to its terrific tax advantages. The only problem is that some people earn too much, and aren't qualified to contribute directly to one. Fortunately, there's a way around those restrictions.