HELP! - I overcontributed 4k in 2005 and 2006 to both a Trad IRA and newly opened Roth IRA

Background:

I followed some bad Brotherly Trad IRA / Roth IRA advice and over paid

4K in 2005 and 4K in 2006 between these two accounts.

Account 1 - Traditional 401k Putnam Account (4k max contributions between both accounts per year for 2005/2006) This account was opened back in 1990 or so. In a nutshell, in 2005 put a maximum of 4K into my Traditional Putnam

401k account, and another maximum 4K again in 2006 (4K).

Account 2 - Newly opened ROTH 401 Account in March 2006 (4k max contributions between both accounts per year for 2005/2006). In another nutshell, I put a maximum of 4K into this newly opened Ameritrade Roth IRA the previous year for 2005 and another maximum of

4K for 2006.

My tax guy just noticed this and said I have to "recharacterize" either the Ameritrade ROTH or the Putnam Trad IRA?

What are my options with these two over payments of 4K in one (or the other account)? Take the cash out of one or rollover the cash to the future if at all possible (like use it for 2007?), How do I recharacterize? Pull it out of one and make it cash? Which one? Roth VS Trad IRA .... HELP!

Thank you for you responses and expertise in this overcontibution in both Trad IRA and Roth IRA question and the best way to repair the damages made.