<prompt> Human: Hi PFI recently got inspired by this sub others to start investing more more efficiently. Step 1 for that was maxing IRA contribution for 2016 2017 for my wife myself 22k in Jan 17. Was surprised when doing my taxes to see that you cant deduct IRA contributions if you AGI is above 118k, which ours is. I should have looked into this more before investing, but here we are.Couple Questions:- Can I take back my contributions? From some googling it looks like it is possible since it is before 415, but looks kind of complicated- Should I take them back? If I did, I would put the money in a taxable account with the same investments 4 fund portfolio. I know in an IRA they can grow tax deferred, but without the deduction it seems like it might not be that much of a benefit to justify locking the up for 30 years. I dont have anything specific we are saving for and dont need the money anytime soon, but I am sure there will be big expenses before retirement kids college, home remodel or buying a more expensive one, etc.We max our 401ks every year, and have decent IRAs from 401k roll overs, but have not invested directly in IRA before.  <response>: Convert it to a Roth. 