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I think that my tax benefits/implications should be the same either way, right?

The biggest difference is that you can only contribute $2k to an IRA this year. (Next year is $3k IIRC.) The max for a 401k is $11k. If you're putting more than $2k into the 401k, you won't be able to put as much as you were contributing into the IRA.

--Peter
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