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Make the Most of Your Retirement with These Top-Ranked Mutual Funds

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 easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which 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 break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.

Fidelity Convertible Securities (FCVSX) has a 0.73% expense ratio and 0.51% management fee. FCVSX is categorized as a Convertible Bonds fund, and in the fixed income world, these funds are quite unique. These types of securities are a hybrid, meaning they have components of both fixed income and equity. With yearly returns of 10.98% over the last five years, this fund clearly wins.

MFS Mass Investors Growth Stock B (MIGBX): 1.46% expense ratio and 0.33% management fee. MIGBX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. With yearly returns of 11.13% over the last five years, MIGBX is an effectively diversified fund with a long reputation of solidly positive performance.

Wells Fargo Special Technology Admiral (WFTDX): 1.2% expense ratio and 0.85% management fee. WFTDX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With a five-year annual return of 10.12%, this fund is a well-diversified fund with a long track record of success.

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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