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

It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.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.Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.GMO Global Developed Equity Allocation FdIII (GWOAX) has a 0.01% expense ratio and 0% management fee. GWOAX is a part of the Allocation Balanced fund category; these funds like to invest in a variety of asset types, finding a balance between stocks, bonds, cash, and sometimes even precious metals and commodities; they are mostly categorized by their respective asset allocation. With yearly returns of 13.48% over the last five years, this fund clearly wins.BlackRock Mid Cap Value A (MDRFX): 0.99% expense ratio and 0.64% management fee. MDRFX is a Mid Cap Value mutual funds that aims to target medium-sized companies that possess strong value and income opportunities for investors. MDRFX, with annual returns of 14.27% over the last five years, is a well-diversified fund with a long track record of success.JPMorgan Investor Growth Fund A (ONGAX) is an attractive large-cap allocation. ONGAX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. ONGAX has an expense ratio of 0.55%, management fee of 0.05%, and annual returns of 12.21% over the past five years.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.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (GWOAX): Fund Analysis Report Get Your Free (ONGAX): Fund Analysis Report Get Your Free (MDRFX): Fund Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks