3 Mutual Funds for Retirement – Jun 19, 2023

Retirement


It’s never too late to invest in mutual funds for your retirement investments. So, if you plan to invest in the best funds, the Zacks Mutual Fund Ranks will provide valuable guidance.

The easiest way to judge the quality of a mutual fund over time is to analyze its performance, variance and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, he has identified three leading mutual funds that are best suited for long-term investors to pursue and achieve their retirement investment goals.

Let’s take a look at some of the top-ranked mutual funds with the lowest fees.

If you want to diversify your portfolio, consider: Eaton Vance Tax Management Growth 1.1 I (EITMX free report). EITMX is a large cap growth option. These mutual funds purchase shares in a number of large US companies that are expected to develop and grow at a faster pace than other large-cap stocks. This fund is a winner with an expense ratio of 0.49%, a management fee of 0.41% and a 5-year annualized return of 10.45%.

Janus Henderson Global Life Sciences I (JFNIX Free report): Expense rate 0.77%, Administrative expenses 0.64%. JFNIX is categorized under Sector – Medical Fund. Healthcare is one of the largest sectors of the American economy, and mutual funds of this type offer a great opportunity to invest in this industry. With an annual return of 10.45% over the last five years, JFNIX is an effectively diversified fund with a longstanding reputation for solid performance.

TIAA-CREF SocialChoice LwCrbnEq Ins (TNWCX free report). Expense ratio: 0.31%. Administration fee: 0.25%. Five-year annual return: 10.25%. TNWCX is a large cap blended fund focused on companies with a market capitalization of over $10 billion. These funds offer stability to investors and are perfect for those with a ‘buy and hold’ mindset.

There it is. If a financial advisor asks you to invest their money in one of our top-ranked funds, they have you covered. If not, we may need to discuss it.





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