As an independent contractor, I pay more taxes than someone who is on salary with a company. Given that, would I benefit more from a traditional IRA that will give me more tax savings now, as oppose to a Roth IRA which will give me more tax savings when retired?
Your question is meaningless as it is, because you don't tell us if you're likely to be in a higher bracket when you retire, or lower.
However, I would argue that neither would be as beneficial for you as a Solo 401K account, as the limits for 401K contributions are much higher than IRA (Roth or not Roth).
There are plenty of questions on the topic on the right side of the screen, under "Related", check them out.
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