Raise the bars so that the highest part of the bars is level with the top of the saddle. That will reduce your "reach" measurement...the distance from the rear edge of the saddle to the front of the stem.

Based on your description of your height and build, a good "reach" measurement for you to begin with would be about 30 1/2 inches or 31 inches, measuring from the back edge of your saddle to the front edge of your stem.

Raising the bars will probably require a new stem...get a stem that has a "high" rise, but on the short side.

Guys who race think there is a "magic" saddle position. If there is any "magic", it doesn't mean much for a fitness cyclist. Another way to decrease "reach" is simply to slide the saddle forward on its rails toward the stem.

If you ride five or six days a week, the "stretched" position of a road bike will likely feel more comfortable in a month or two. When you get comfortable with the bars level with the top of the saddle, you could try dropping them an inch or so.

Some of the new stems with the "four bolt" faceplate make changing stems a fast and easy job. Keep your original stem, and each stem that you buy. Having a couple extra stems around the house makes it easier to make adjustments to bar height.

After you find the perfect "reach" set-up, the "reach" that is most comfortable on a four or five hour ride, carefully measure from the rear of the saddle to the front of the stem. Knowing your perfect "reach" measurement makes it easy to set-up your bike after you change bar height, or when you ride a different bike.