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How to Set Up a Trusted Contact for Your Financial Accounts
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RetireHub
February 09, 2026
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On this day in 1964, The Beatles made their first appearance on The Ed Sullivan Show, a performance watched by an estimated 73 million viewers and often credited with sparking “Beatlemania” across the United States.
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How to Set Up a Trusted Contact for Your Financial Accounts
As we get older, planning ahead becomes less about worrying and more about creating peace of mind. One simple step that can make a big difference is setting up a trusted contact on your financial accounts.
A trusted contact is someone your bank or investment firm can reach out to if they notice something unusual—like suspicious activity, trouble contacting you, or signs of potential financial exploitation. This person does not have access to your money, and they can’t make transactions. Instead, they serve as an added layer of protection.
Why a Trusted Contact Matters
Financial scams and fraud are becoming more common, especially for older adults. A trusted contact helps your institution act quickly if something seems off. It can also be helpful in situations like:
A sudden illness or hospitalization
Memory or cognitive changes
Difficulty managing accounts temporarily
Concerns about scams or pressure from others
Having someone listed can prevent small issues from becoming major problems.
Who Should You Choose?
Pick someone responsible, trustworthy, and easy to reach. Many people choose:
An adult child
A spouse or partner
A close friend
A sibling or relative
It doesn’t have to be the same person who handles your estate or finances—just someone who can confirm your wellbeing if needed.
How to Set It Up
Most banks and brokerage firms make this process simple. You can usually add a trusted contact by:
Logging into your online account
Calling customer service
Visiting a local branch
Completing a short form with their name, phone number, and email
It’s a good idea to let the person know ahead of time so they’re not surprised if they’re ever contacted.
A Small Step with Big Benefits
Adding a trusted contact is quick, free, and often overlooked. But it’s one of the easiest ways to protect yourself and your finances while maintaining full independence. Think of it as a safety net—just in case life throws an unexpected curveball.
Have you set up a trusted contact on your bank or investment accounts? |
Yesterday’s Poll Results: Have you ever participated in a “Welcome Wagon” gesture for a new neighbor?
These results show a thoughtful balance between friendliness and personal space when it comes to welcoming new neighbors. Nearly half of respondents have participated in a “Welcome Wagon” gesture at least once, with many saying they genuinely enjoy helping others feel at home. At the same time, the largest group prefers to keep to themselves while still appreciating a warm, friendly atmosphere — a reminder that community can look different for everyone. Overall, it’s clear that small acts of kindness are valued, even among those who are naturally more reserved.
TOP COMMENTS
“The city I live in (Monrovia, CA) has an ‘official’ Welcome Wagon! Two seniors go out approximately once a month to all the new homeowners (they get information from all the local real estate agents) and give them a ton of handouts about all the different places, organizations for both adults and kids, where people can go for information, etc. These seniors also sit with the homeowners and talk with them, answer any questions and tell them some history of our city! Our Welcome Wagon has been in existence since about 2003”
“There have only been 2 new neighbors move in since I've been here. One was a couple of doors down from us, which my wife knew one of them, so we welcomed them. The other is across the street, we've waved to them, but not introduced ourselves and they return the wave, but haven't attempted to introduce themselves either.”
“I don’t like to intrude. I will smile and wave but wait til the new neighbors are ready. We follow the good fences make good neighbors idea”
Real Confidence After 60 Comes From Listening to Your Feelings
Many people were taught to hide or ignore their emotions, believing that confidence means staying calm and composed at all times. But this article explains that true confidence actually begins with paying attention to your feelings and trusting what they’re telling you—it’s not about pushing emotions aside, but recognizing them as meaningful information about your needs and boundaries. By acknowledging your emotions, taking a moment to pause, and then responding in a way that aligns with your values, you build deeper self-trust and quiet confidence that doesn’t need to prove anything.
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Slang Phrase of the Day
Phrase: Hot diggity
Meaning: An old-fashioned, cheerful expression used to show excitement, surprise, or delight — kind of like saying “Well, wow!” or “That’s fantastic!”
In a sentence: “Hot diggity, look at that beautiful cake — you really outdid yourself!”
Good News of the Day
Once-Lost Snail Species Saved from Extinction After Alleyway Discovery
In a remarkable conservation success, the greater Bermuda land snail—a tiny species once thought extinct—has now been officially brought back from the brink after international efforts to breed and reintroduce it into the wild. A small remnant population was rediscovered in an alleyway in Hamilton, Bermuda, about a decade ago, inspiring scientists and conservationists to collaborate on a breeding program that has resulted in over 100,000 snails being released into protected habitats. This achievement marks a major victory for biodiversity and highlights the power of global cooperation in preserving even the most vulnerable species.
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