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3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio

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Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.

The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.

Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.

If you are looking to diversify your portfolio, consider T. Rowe Price New Horizons I (PRJIX - Free Report) . PRJIX is one of many Small Cap Growth mutual funds; these funds tend to create their portfolios around stocks with market capitalization of less than $2 billion. This fund is a winner, boasting an expense ratio of 0.65%, management fee of 0.63%, and a five-year annualized return track record of 11.17%.

MFS Mass Investors Growth Stock R1 (MIGMX - Free Report) : 1.46% expense ratio and 0.33% management fee. MIGMX 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 11.43% over the last five years, MIGMX is an effectively diversified fund with a long reputation of solidly positive performance.

Fidelity Fund K (FFDKX - Free Report) : 0.37% expense ratio and 0.31% management fee. FFDKX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 10.56% over the last five years.

There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they've got you covered. If not, you may need to talk.

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MFS Mass Investors Gr Stk R1 (MIGMX) - free report >>

Fidelity Fund K (FFDKX) - free report >>

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