You must reach the age of 59 1/2, and your Roth IRA must have been open for five years, before you can take out any earnings with no taxes or penalties. If you withdraw earnings before five years have passed, you will be subject to a 10 percent penalty plus ordinary income tax.
The Elderly Waiver is a program that is designed to provide in-home services to those 65 and older who may be at risk of going to a nursing facility. 1  Adult Day Care.
Benefits and Services. This HCE Program provides financial assistance to caregivers to help them care for elderly individuals. All eligible applicants receive a basic subsidy, which on average is $106 / month. However, it may be slightly higher based on the care recipientâs income.