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<Would you rather have $1 million tax deferred, or $500K tax free???>

I guess it depends on your state tax rate. If I take the $1,000,000 tax deferred and pay $396,000 to the IRS and $63,700 to the State of New Jersey, I would be better off with that. But if your state taxes are a little over 10%, you would be better off with the $500,000 tax free.
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