I would like to go paperless with all of my financial records. I’m currently saving them to iCloud drive. Is just having the documents in iCloud drive enough? What do you recommend?
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Phyllis Steele
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How To Safely Store Financial Records?
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Having important documents in iCloud Drive is a good idea because it makes them available on all of your devices, and provides some measure of protection if your Mac breaks or is stolen.
But it is no substitute for a regular backup. You should also be backing up your Mac using Time Machine or any other backup method. See https://macmost.com/icloud-is-not-a-substitute-for-a-time-machine-backup-with-your-mac.html