Review: How to Use a Password Manager

Normally with these reviews, we look at something related to investing, or some direct financial planning issue. But we’re going to switch it up this week.

More and more of our life, especially our financial life, is happening online now. This is massively more convenient for almost everyone, but there are real risks.

There are all sorts of intricate technology solutions and protections standing between your money (and the rest of your data) and the bad guys. But a lot of the responsibility for your protection still comes down to you.

When we’re talking about cyber security it’s incredibly easy to go down some really dark and twisting rabbit holes. But one of the most powerful steps you can take to protect yourself can also make your life easier in the long run. Password managers are like magic (as long as you use them correctly).

If you’re not familiar with password managers, they are essentially a much better alternative to sticking a Post-It to your monitor with all your passwords on it.

Not only do they serve as a central repository for all of your passwords, but they make it incredibly easy to come up with and use unique, strong passwords for every website you use. And most even make it easier to log into your accounts by automatically filling in your username and password when you get to a login page.

This is incredibly important stuff. If you aren’t using a password manager, now is the time to start. It may take a few minutes to set up, and an extra click or two the first time you log into an account, but it will make you a lot safer online and will save you time in the long run.

Wondering about the risks of retirement? Download our ebook, Retirement Risks

McLean Asset Management Corporation (MAMC) is a SEC registered investment adviser. The content of this publication reflects the views of McLean Asset Management Corporation (MAMC) and sources deemed by MAMC to be reliable. There are many different interpretations of investment statistics and many different ideas about how to best use them. Past performance is not indicative of future performance. The information provided is for educational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy or sell securities. There are no warranties, expressed or implied, as to accuracy, completeness, or results obtained from any information on this presentation. Indexes are not available for direct investment. All investments involve risk.

The information throughout this presentation, whether stock quotes, charts, articles, or any other statements regarding market or other financial information, is obtained from sources which we, and our suppliers believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Neither our information providers nor we shall be liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in the transmission there of to the user. MAMC only transacts business in states where it is properly registered, or excluded or exempted from registration requirements. It does not provide tax, legal, or accounting advice. The information contained in this presentation does not take into account your particular investment objectives, financial situation, or needs, and you should, in considering this material, discuss your individual circumstances with professionals in those areas before making any decisions.

McLean Asset Management