Opening an IRA while on unemployment

[simonlhowes]

Hello,

I am currently unemployed due to coronavirus, but in doing my 2019 taxes turbo tax suggested opening/contributing to an IRA. I do not currently have one, but if I did open one, will it affect my current unemployment benefits? I workers all of 2019 and for 2 1/2 months in 2020, the year of my unemployment benefits.

Will my Connecticut unemployment benefits be reduced or stopped if I open this IRA?

thank you!!!

[macuser_22]

I would be very surprised if it did, but only the Connecticut unemployment benefits  dept. could give you an answer - some states have odd requirements.