These 3 Top-Ranked Mutual Funds Will Help Boost Your Retirement Portfolio August 12, 2020

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.

How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.

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

Baron Global Advantage Fund Retail (BGAFX): 1.15% expense ratio and 0.85% management fee. BGAFX 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 annual returns of 20.95% over the last five years, this fund is a winner.

Goldman Sachs Strategic Growth IR (GSTTX): 0.89% expense ratio and 0.71% management fee. GSTTX 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. GSTTX, with annual returns of 14.41% over the last five years, is a well-diversified fund with a long track record of success.

T. Rowe Price Mid-Cap Growth R (RRMGX): 1.27% expense ratio and 0.61% management fee. RRMGX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 10.06% over the last five years.

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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