Ruth, 60 years old, has investment assets worth about $460,565, of which most is in a tax-free savings account (TFSA) earning 1% a year. Ruth would like to know whether she could retire now and reach her retirement spending target of $26,634.52 a year for the next 30 years. (To answer Ruth's inquiry, you need to calculate how much she would receive from her TFSA annually for the next 30 years.). If not, would you recommend Ruth to cut her cash holdings to 5%, raise her fixed-income securities to 65%, and increase her stock allocation to 30%? What is the required annual rate of return on this new portfolio that would enable Ruth to retire now and reach her retirement spending target of $26,634.52 a year for the next 30 years? Ruth, 60 years old, has investment assets worth about $460,565, of which most is in a tax-free savings account (TFSA) earning 1% a year. Ruth would like to know whether she could retire now and reach her retirement spending target of $26,634.52 a year for the next 30 years. (To answer Ruth's inquiry, you need to calculate how much she would receive from her TFSA annually for the next 30 years.). If not, would you recommend Ruth to cut her cash holdings to 5%, raise her fixed-income securities to 65%, and increase her stock allocation to 30%? What is the required annual rate of return on this new portfolio that would enable Ruth to retire now and reach her retirement spending target of $26,634.52 a year for the next 30 years