I also move emails with next actions into context folders as this keeps the inbox as an inbox with only unprocessed items sitting in it. I currently use my usual contexts of: @ quiet time; @computer (perverse I know as it's all at computer! But I have come to use this as easy replies and scheduling of appointments etc.); @waiting - very useful for a quick scan of items I've delegated or waiting for a response on; and @ read and review - this builds up quickly though and can get out of hand with too much over commitment!
I do enter the next actions on a list (moleskine notebook) so I have all next actions in one place but find separating the next actions in my email into contexts very helpful to keep a focus when I'm working in a particular context ( in between meetings and busy, noisy times in office = @ computer; late evenings and longer in disturbed periods = @quiet time, for example) this helps me stay on tasks related to my energy levels also, rather than face all next actions in one list.
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