Retirement plans could be a little different than you expected, according to the President and CEO of the Bank of Luxemburg.   Earlier this month the U.S. Treasury Department adopted new rules making it easier for employers to opt for lump-sum payments to retirees.  If your company opts for a one-time payout,  Tim Treml, the President and CEO of the Bank of Luxemburg, says find out whether the lump sum option is mandatory or voluntary.  If a lump sum is the only option then a certified financial professional is needed to help you draw up a plan.

Treml says Wisconsin retirees have long had the option to take annuity payments or lump sum payouts from their employers.