For more adventurous clients, Corso suggests high-quality tranches of collateralized debt obligations, or CLOs.

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But despite what the name implies, Corso says TIPS offer precious little inflation protection.

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"You don't go to bed mad, " says the couple's daughter, Madeline Corso, recalling her father's advice.

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Today, 10 Corso Como meanders through several adjacent buildings and a courtyard that is strung with lights.

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But Corso says the market is pricing in an implied cumulative default rate of 60% over the coming five years.

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Instead of TIPS, Corso is advising clients to buy floating-rate corporate bonds.

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Corso figures a 10-year TIPS could lose 10% or more of its value if real rates double to their historical norm of about 3%.

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For Ms. Andrews, it means Dancing with the Stars and trading barbs with the likes of Chris Fowler, Lee Corso, and Kirk Herbstreet as the first female on the College Football Gameday crew.

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The Wall Street Journal reported that the crypt of the Basilica di San Carlo al Corso in Rome has been turned into a night club to lure young people back to the Catholic church.

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