2009 Best Value Mid Range Home Theater Receivers My Dad Has Retired But Should He Collect On His 401k, Which Is Primarily Invested In Stock?

My dad has retired but should he collect on his 401k, which is primarily invested in stock? - 2009 best value mid range home theater receivers

He in turn 59.5 in mid-2009. The stock has lost more than 70K, while in the past, and I heard that people do not take off and just wait for shares to rise. The problem is that with this money, my father could not pay the mortgage and loans, etc. .. but otherwise the loan will pay interest.

If the case is even worse in mid-2009? Should he take the money and anyway, or not?