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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.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

MassMutual Select Blue Chip Growth R5

(MBCSX - Free Report) : 0.75% expense ratio and 0.62% management fee. MBCSX 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. MBCSX has achieved five-year annual returns of an astounding 16.86%.

MFS Blended Research Core Equity R2

(MUESX - Free Report) is a stand out amongst its peers. MUESX 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. With five-year annualized performance of 18.59%, expense ratio of 0.99% and management fee of 0.4%, this diversified fund is an attractive buy with a strong history of performance.

AQR Long-Short Equity Fund I

(QLEIX - Free Report) : 1.3% expense ratio and 1.1% management fee. QLEIX is a Long Short - Equity option. These funds' investment strategy consists of minimizing overall market exposure, while at the same time taking long positions in equities that are expected to appreciate and short positions in equities that are projected to decline. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 23.07% over the last five years.

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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