We have combined taxable wages between me and my wife $119500 for 2017. We expected our income to be below $110000, so we made contribution to our Vanguard Traditional IRA $4300. Now, we realized that due our income we can't take IRA deduction. Can we rollback our IRA contribution and convert it Roth Ira? We both have employee sponsored 401K, I am 55 and my wife is 49
