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3 Great Mutual Fund Picks for Your Retirement

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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.

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.

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

Fidelity Select Health Care

(FSPHX - Free Report) . FSPHX is a Sector - Health mutual fund, which give investors an opportunity to focus on healthcare, one of the largest sectors of the American economy. This fund is a winner, boasting an expense ratio of 0.68%, management fee of 0.65%, and a five-year annualized return track record of 11.9%.

American Funds Investor Company of America R1

(RICAX - Free Report) : 1.33% expense ratio and 0.23% management fee. RICAX 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. RICAX, with annual returns of 15.07% over the last five years, is a well-diversified fund with a long track record of success.

Ivy Large Cap Growth R

(WLGRX - Free Report) . Expense ratio: 1.14%. Management fee: 0.6%. Five year annual return: 16.94%. WLGRX 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.

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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