Unfortunately CDs and bonds rates are way below inflation, so you are going to lose money if you don't buy assets. I am in similar situation and don't know what to do.
Inflation is trending down and there are plenty of long term CDs and bonds with decent rates that will almost certainly mature long after this current inflationary period comes to pass. The Fed has given strong signals that they intend to tackle inflation regardless of the cost. So locking a 10+ year CD or bond at current rates is almost certainly going to beat inflation in the long term. Also FWIW, I do expect rates to continue to rise for a few more months, so I am keeping plenty gradually rolling my savings into these investments.
