Well, if your expenses are $1,200 more than your pension, and your daughter still is at home, going to school, paying her own tuition, about to lose her temp job, and you don't have to time to find out if you can cut your expenses, because there is a deadline to accept the offer.....
I could go on and on, but from what I read, you need to plan your retirement, not be coerced into taking it by the company.
Believe me, I have lots of regrets when it comes to saving for retirement, the house I bought, the stocks I invested in, but I still have had a great job for 40 years and hopefully three more.
And, I've got three more years to make plans.
baglo'