Legendary investor Warren Buffett has said several times that the best way for the average American to invest isn't to buy individual stocks, but to simply invest in low-cost, passive index funds and let the long-term momentum of American business do the work for you. However, there are hundreds of ETFs that are low-cost passive index funds. How can you choose the best ones for your retirement savings?

When it comes to low-cost index funds, my favorite place to start is Vanguard, the company that pioneered the concept of low-cost index investing for the masses and still offers some of the best products in the market today.

To help get you started, here's why the Vanguard S&P 500 ETF (NYSEMKT: VOO), the Vanguard Real Estate ETF (NYSEMKT: VNQ), and the Vanguard Total Bond Market ETF (NASDAQ: BND) could make fantastic IRA investments, and some information about each one.

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Source Fool.com