Easy way to update password when opening stale favorite site

Our FTP admins have strict password expiration requirements. This means that if I haven't opened a site in a month, it will give me a "530 Login incorrect." error.

There doesn't appear to be an easy way to provide the correct password, automatically updating the stale bookmark.

Now, I must go to "Edit Favorites" and open the properties dialog of the bookmark in question and fix its password.

Am I the only one who suffers with this problem?

I don't find it difficult the way it currently works ... what do you suggest?