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3 Strong Mutual Funds to Add to Your Retirement Portfolio Right Now May 18, 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 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 learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

T. Rowe Price New Horizons (PRNHX - Free Report) : 0.76% expense ratio and 0.64% management fee. PRNHX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. With annual returns of 11.82% over the last five years, this fund is a winner.

Fidelity Select Software & Company Services (FSCSX - Free Report) . Expense ratio: 0.7%. Management fee: 0.54%. With a much more diversified approach, FSCSX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. This fund has managed to produce a robust 16.74% over the last five years.

Janus Henserson Forty Institutional (JACAX - Free Report) . Expense ratio: 0.77%. Management fee: 0.69%. Five year annual return: 11.13%. JACAX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers.

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.

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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