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3 Top-Ranked Mutual Funds for Your Retirement - February 06, 2020

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The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for your retirement.

The easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using our Zacks Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.

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

T. Rowe Price Blue Chip Growth Adviser (PABGX) has a 0.96% expense ratio and 0.56% management fee. PABGX 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. With yearly returns of 14.92% over the last five years, this fund clearly wins.

Russell Select US Equity Y (RTDYX - Free Report) : 0.38% expense ratio and 0.3% management fee. RTDYX 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 10.99% over the last five years, RTDYX is an effectively diversified fund with a long reputation of solidly positive performance.

MFS New Discovery Fund A (MNDAX). Expense ratio: 1.29%. Management fee: 0.88%. Five year annual return: 11.9%. MNDAX is one of many Small Cap Growth mutual funds; these funds tend to create their portfolios around stocks with market capitalization of less than $2 billion.

There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.

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