[citizen]

I'm hoping they go ahead and raise in the spring if not before. It needs to get done. At my age, I am looking to safety first so my savings are in a bank MM fund. The 401k is split sticks-bonds-MM.

So I get whacked either way:
Raise rates and gain a bit of interest income but 401k suffers, at least for a while.
Don't raise and maybe stocks do better but I get no additional savings interest.

[Leaning Right]

I suspect that you and I are roughly in the same position, age-wise and market allotment-wise. Like you, at this stage I'm more interested in capital preservation than in anything else.

So I'm thinking about putting almost everything into a good short-term, high-quality corporate bond fund, then go fishing.