The Pesky Problem with Passwords

problem with passwords

There’s a problem with passwords.

They’re either too easy to remember (which likely means they aren’t secure).

Or, they’re secure (which means they’re not easy to remember).

So how do you make all your passwords secure AND easy to use?

It’s simple…

You need a secure password manager.

But don’t take my word for it, watch this short video from 1Password, a popular password manager.

I don’t know about you, but if you watched the video above, I hope you’ll agree that a secure password manager is a better option than your memory, sticky notes, or using the same password across all your accounts.

For now, I’m going to assume you see the benefits of a secure password manager.

So, what are your options?

Well, there are several options to choose from.

But among all of them, I see LastPass and 1Password mentioned most often.

Personally I’ve used and recommended LastPass for the past 10+ years.

And I know many people that have nothing but good things to say about 1Password.

I don’t think you can go wrong with either of these options.

Based on my personal familiarity with LastPass, I’ll refer to it in the remainder of this resource.

So you’re probably wondering… OK, Russ clearly thinks a password manager like LastPass is a good idea. 

But how in the heck does it work?

Glad you asked. Click here for an overview.

For those of you that prefer a video, click here to watch this tutorial that runs about 20 minutes. (This video was published in February 2020.)

Now, a password manager like LastPass isn’t going to be very helpful if you can only use it on one device like your laptop.

Thankfully, as you’ll see in the video tutorial above, you can install and use LastPass on ALL your devices. This includes your laptop, tablet, phone, and even your Apple watch.

But wait, there’s more…

Not only can you use LastPass to securely store and help you utilize your passwords, you can also use it to store other sensitive information.

Things like your banking and credit/debit card information that you use for online shopping. It stores it securely and with just a click, you can autofill your payment information when you’re buying something online.

You can also store other information like your driver’s license information, your passport information, and anything else you’d like to store securely.

And while I would argue that a tool like LastPass is worth paying for, they offer a completely free plan that you can use across all your devices.

So you have virtually no excuse not to give this a go.

Give it a try!

And if you have any questions or would like to discuss this further, please schedule a call with me. I’m no expert, but I’ll be happy to help and provide any guidance that I can.

Related tools & resources:

Wirecutter (New York Times) on why you need a password manager. In other words, don’t just take my word for it!

Have I Been Pwned –  once you enter your email (no passwords needed), this site will tell you if your email address has been part of any known data breaches.

Credit Freeze Process – Keeping your credit reports frozen is a good security measure to make sure no one can open credit accounts in your name.

What is Two-Factor Authentication (2FA)? – when available, you should enable 2FA to add another layer of security to your accounts.

Disclaimer: LastPast and 1Password are recommendations of the Advisor and not affiliated with or a subsidiary of Wealthcare Capital Management.

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Russ Thornton
Russ Thornton
Hi there! I'm Russ, and I help women in their 50s and 60s achieve and maintain their desired lifestyle leading up to and throughout their retirement years. Imagine being able to look forward to a comfortable and confident financial future...
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