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.

The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.

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

BNY Mellon Equity Income A (DQIAX Quick QuoteDQIAX - Free Report) has a 1.02% expense ratio and 0.7% management fee. DQIAX 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 yearly returns of 15.97% over the last five years, this fund clearly wins.

Lord Abbett Affiliated F3 (LTFOX) is a stand out amongst its peers. LTFOX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. With five-year annualized performance of 12.45%, expense ratio of 0.39% and management fee of 0.32%, this diversified fund is an attractive buy with a strong history of performance.

American Funds Cap Wld Gr&Inc R5E (RWIHX): 0.56% expense ratio and 0.37% management fee. RWIHX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy. With a five-year annual return of 11.23%, this fund is a well-diversified fund with a long track record of success.

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.