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No. of Recommendations: 6

No your data is not stored in the cloud - although you have an option to turn that feature on. Your data is still stored on your local drive (make sure you take backups!!).

Quicken is NOT a SAAS model. It is a more of an "automatic upgrade" subscription model. They have been great at issuing upgrades about monthly. The product has been getting better over the years for sure.

So please do not think that Quicken is a "SAAS only" model. Your data is where you want it to be. On your local hard drive, and in the cloud if you want it to be.

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