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3 Great Mutual Fund Picks for Your Retirement - September 10, 2020

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The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for your retirement.

How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

T. Rowe Price Institutional Large Cap Core (TPLGX - Free Report) : 0.56% expense ratio and 0.55% management fee. TPLGX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. TPLGX has achieved five-year annual returns of an astounding 16.31%.

Van Eck International Investors Gold Y (INIYX - Free Report) : 1.1% expense ratio and 0.73% management fee. INIYX is classified as a Sector - Precious Metal fund, and these mutual funds invest in stocks with a focus on the mining and production of precious metals like gold, silver, platinum, and palladium. With yearly returns of 16.8% over the last five years, INIYX is an effectively diversified fund with a long reputation of solidly positive performance.

MSIF Global Quality Portfolio I (MGQIX - Free Report) . Expense ratio: 0.9%. Management fee: 0.7%. Five year annual return: 11.72%. MGQIX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations.

There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.

Do You Know the Top 9 Retirement Investing Mistakes?

Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.

To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.

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