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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.

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.

Fidelity Stock Selector Allocation Cap

(FDSSX - Free Report) : 0.45% expense ratio and 0.43% management fee. FDSSX 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. FDSSX has achieved five-year annual returns of an astounding 13.48%.

Columbia Large Cap Enhanced Core A

(NMIAX - Free Report) is a stand out amongst its peers. NMIAX is a Large Cap Blend fund, targeting companies with market caps of over $10 billion. These funds offer investors a stability, and are perfect for people with a "buy and hold" mindset. With five-year annualized performance of 14.55%, expense ratio of 0.82% and management fee of 0.75%, this diversified fund is an attractive buy with a strong history of performance.

T. Rowe Price Diversified Mid-Cap Growth

(PRDMX - Free Report) is an attractive large-cap allocation. PRDMX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. PRDMX has an expense ratio of 0.85%, management fee of 0.64%, and annual returns of 11.05% over the past 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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