3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio

RWMEX MMFVX

It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.

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 the Zacks Mutual Fund 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.

If you are looking to diversify your portfolio, consider MassMutual Select Equity Opportunities Admiral (MMFVX - Free Report) . MMFVX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. This fund is a winner, boasting an expense ratio of 1.03%, management fee of 0.69%, and a five-year annualized return track record of 11.23%.

BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Investor : 0.81% expense ratio and 0.45% management fee. MTSIX 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. With yearly returns of 10.96% over the last five years, MTSIX is an effectively diversified fund with a long reputation of solidly positive performance.

American Funds Washington Mutual Investors R4 (RWMEX - Free Report) : 0.61% expense ratio and 0.22% management fee. RWMEX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. With a five-year annual return of 10.32%, this fund is a well-diversified fund with a long track record of success.

We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.

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