I have never heard of John C. Bogle until recently, when I read that Warren Buffett, in his 2013 Berkshire Hathaway annual letter, said this:

“My advice….could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund (I suggest Vanguard’s). I believe the trust’s long-term results from this policy will be superior to those attained by most investors — whether pension funds, institutions or individuals — who employ high-fee managers.”

John C. Bogle is the founder of the Vanguard Mutual Fund and creator of the first index fund. If the legendary investment guru Warren Buffett recommends Vanguard, it is definitely worthwhile to study Bogle’s methods for his own retirement.

In his seventh book, Enough., John C. Bogle wrote about 3 steps that he takes to retire well. To my pleasant surprise, I realized that ...