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3 Great Mutual Fund Picks for Your Retirement - February 07, 2020

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Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.

The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Our Zacks Rank covers over 19,000 mutual funds has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.

Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.

Franklin Small Cap Growth R6 (FSMLX - Free Report) has a 0.64% expense ratio and 0.62% management fee. FSMLX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. With yearly returns of 10.58% over the last five years, this fund clearly wins.

Hartford Global Growth HLS IA : 0.81% expense ratio and 0.75% management fee. HIALX 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 yearly returns of 13.26% over the last five years, HIALX is an effectively diversified fund with a long reputation of solidly positive performance.

T. Rowe Price Financial Services (PRISX - Free Report) . Expense ratio: 0.84%. Management fee: 0.64%. Five year annual return: 10.07%. Sector - Finance funds offer a stable, diversified approach to investing that focuses on the financial industry, an infamously large, complex, and heavily-regulated space.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.

Do You Know the Top 9 Retirement Investing Mistakes?

Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.

To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.


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T. Rowe Price Financial Services (PRISX) - free report >>

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