What is AMP? The Aging Mastery Program® is a 10-week program designed to empower older adults to make and maintain small but impactful changes in their lives. The program was developed by the National Council on Aging (NCOA) and is currently being run in numerous senior centers nationwide. Topics range from exercise, finances, and living wills to medication management, community engagement, and healthy relationships.
The topic the day that we visited Don Bosco was financial fitness. First we talked about how to evaluate your current financial situation and how to set goals. The Elder Index from the NCOA measures how much income a retired older adult requires to meet his or her basic needs—without public or private assistance. The Elder Index is specific to household size, location, housing, and health status. You can use this NCOA link and enter in your location to find the average amounts for regular expenses.
We also discussed money management tips, scam protection, setting financial boundaries and identifying and optimizing available financial assets. There was a lively discussion and together we investigated and identified ways to be smarter with our money management. Central Bank of KC loves to partner with Don Bosco Senior Center and has agreed to teach another session of AMP in the near future.
(The Mid-America Regional Council (MARC) has scheduled AMP classes in many organizations throughout the Kansas City area. MARC is an organization that promotes regional cooperation and develops innovative solutions through leadership, planning and action. Check MARC’s website for more information about the AMP classes in the metro area.)