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You could do both. Register it out ten years and each your register an additional one.

10 years sounds a bit inflexible for me. Things can get a little weird if you switch registrars but you have more than 9 years left on your domain so you can't get a full additional year.

I do try to maintain a margin of at least 3 years on important personal and business domains, though.

Less than 37 months left = immediate attention required.

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