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Can I move money from a Coverdell Education Savings Account or a qualified U.S. savings bond?

April 26, 2017Bond Coverdell Education money qualified savings savings account

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Can I move money from a Coverdell Education Savings Account or a qualified U.S. savings bond?

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Yes. You can contribute to the MI 529 Advisor Plan using proceeds from the sale of a Coverdell Education Savings Account (formerly known as an Education IRA). You can also use proceeds from the redemption of a qualified U.S. savings bond.