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3 Great Mutual Fund Picks for Your Retirement

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There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.

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 take a look at some of our top-ranked mutual funds with the lowest fees.

MFS Mass Investors Growth Stock R3 (MIGHX - Free Report) : 0.71% expense ratio and 0.33% management fee. MIGHX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. With annual returns of 11.26% over the last five years, this fund is a winner.

GMO Quality VI (GQLOX - Free Report) : 0.4% expense ratio and 0.39% management fee. GQLOX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. GQLOX, with annual returns of 11.42% over the last five years, is a well-diversified fund with a long track record of success.

Deutsche Science and Technology A (KTCAX - Free Report) : 0.91% expense ratio and 0.45% management fee. With a much more diversified approach, KTCAX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.68% 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.

See More Zacks Research for These Tickers

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DWS Science and Technology A (KTCAX) - free report >>

GMO QUALITY FUND CL VI (GQLOX) - free report >>

MFS Mass Investors Gr Stk R3 (MIGHX) - free report >>

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