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Thanks for your reply!

I would say the answer to my first question is yes. I am 31, married in two income household w/ AGI generally somewhere over 110, newer house with plenty of interest paid this year, graduate school tuition expenses, one (new) child, but hopefully still enough to claim this loss.

The second question would also be a yes, but unsure, really. I would say that for me to sell, say PRUdential, bought at a lousy price to appease my wife, whose PRU stock I sold that her grandfather gave her in order to re-buy it within the brokerage (probably a mistake), and to buy into one of my favorites, index funds or even TIPS, like VIPSX might be a wise move for me.

Should I limit this move to long term holds, over one year?

I like the idea of capitalizing on the "bad times" by restructuring a bit and cleaning house before the stocks rise again (and they will)!

thanks again!
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