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I know the easy answer is study for the NAPLEX and MPJE, but should I work as a grad intern and make some money for a couple of months until residency or just study and relax before residency starts?
Most of the time you need to be licensed either before, or very soon after your residency starts, and it may be hard to get your test scheduled on the day you want at the location you want, so better be prepared to take NAPLEX/MPJE at the time that is not too convenient for you. That should be the most important element in you planning your time.
That is the biggest issue that I have right now. Would taking the exam early help? I have about 1.5 months between graduation and residency, so anywhere between the first 3 weeks after graduation is fine. I don't have a problem with the location, I'm willing to travel.