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.

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.

Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.

Blue Current Global Dividend Instl (BCGDX Quick QuoteBCGDX - Free Report) : 1% expense ratio and 0.99% management fee. BCGDX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy. BCGDX has achieved five-year annual returns of an astounding 12.68%.

AQR Large Cap Multi Style N (QCENX). Expense ratio: 0.65%. Management fee: 0.25%. QCENX 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. This fund has managed to produce a robust 14.38% over the last five years.

PIMCO StocksPLUS R (PSPRX): 1.15% expense ratio and 0.65% management fee. PSPRX is a part of the Allocation Balanced fund category; these funds like to invest in a variety of asset types, finding a balance between stocks, bonds, cash, and sometimes even precious metals and commodities; they are mostly categorized by their respective asset allocation. With a five-year annual return of 11.46%, 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.