TSP millionaires add up, and other random scraps

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TSP millionaires add up, and other random scraps

If you still don’t believe in the seemingly magic powers of compounding interest and consistent savings, consider this: As of the end of September, 155,334 Thrift Savings Plan participants had balances of greater than 1 million dollars. That’s some 50,000 more than a year ago. It’s not all compounding and steadiness, though. The stock market has been booming. That adds accelerant to anyone’s savings balloon. Still, the millionaires have been con…