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 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.

Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.

Archer Multi Cap (ALSMX): 0.95% expense ratio and 0.5% management fee. ALSMX 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. ALSMX has achieved five-year annual returns of an astounding 12.63%.

Lazard Global List Infrastructure Institutional (GLIFX) is a stand out amongst its peers. GLIFX 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 five-year annualized performance of 11.58%, expense ratio of 0.96% and management fee of 0.9%, this diversified fund is an attractive buy with a strong history of performance.

NYLI Cushing MLP Premier I (CSHZX) is an attractive large-cap allocation. CSHZX is a Sector - Energy mutual fund, which encompasses a wide range of vastly changing and vitally important industries throughout this massive global sector. CSHZX has an expense ratio of 1.24%, management fee of 1.1%, and annual returns of 21.6% over the past five years.

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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This article originally published on Zacks Investment Research (zacks.com).

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