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3 Great Mutual Fund Picks for Your Retirement

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It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.

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 investors' portfolios.

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

American Funds Washington Mutual Investors 529C (CWMCX - Free Report) : 1.35% expense ratio and 0.22% management fee. CWMCX is a Large Cap Value fund. These funds invest in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. CWMCX has achieved five-year annual returns of an astounding 15.08%.

Hotchkis and Wiley Global Value A (HWGAX) is a stand out amongst its peers. HWGAX is a Global - Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren't limited by geography. With five-year annualized performance of 18.73%, expense ratio of 1.2% and management fee of 0.75%, this diversified fund is an attractive buy with a strong history of performance.

Vanguard US Growth Investor (VWUSX). Expense ratio: 0.33%. Management fee: 0.31%. Five year annual return: 13.33%. VWUSX 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.

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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American Funds Wash Mutual 529C (CWMCX) - free report >>

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