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A stock market correction is a drop of 10% to 20% in a major market index such as the S&P 500. A serious market crash is a drop of 20% or more. A prolonged market crash is considered a bear market.
I bonds have a maturity of 30 years, but you are not required to hold them until maturity. You must hold them for at least 12 months and if you sell them after twelve months but before five years you will forfeit the last three months of interest.
The primary advantage to paying your mortgage off early is the reduction of monthly expenses in retirement.
Seriously consider an umbrella policy if you have assets of more than $300,000 and you currently earn or anticipate earning a substantial income. Other factors that increase the need for an umbrella policy include having a swimming pool or trampoline, owning dogs, hiring household staff and participation in potentially dangerous sports.
Individuals who are young or expect their income to dramatically increase will usually benefit from a Roth 401(k).
Dividend paying companies tend to be more stable, but dividends may be decreased during difficult times. They also experience less appreciation in stock value than growth companies.