Should you buy a CD now? How long should you lock in a CD rate? 2 years? 5 years? 100 years!?

CD rates haven't been this high since almost 20 years ago. Is now the time to lock up these relatively high interest rates? If so, how long should a person lock in a CD rate - 1 year, 2 years, 5 years, 10 years? What about 100 years!? Does the decision change if you are close to or already in retirement?
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[@priola7587]

I am retired and have laddered CDs at 5.5% as my cash fund for two years, which is my bridge fund while I get to 70 to take social security. I’m 68. My emergency fund is in a HYSA at 4.75% where it can be accessible, though the rate dropped from 5.5%. The bulk of my savings are in basically a 75/35 index/bond fund. So CDs are fine for me for this purpose. Like you said, a two year window.

[@dangol7534]

I really love your show. Thanks