What Joe's handlers and cronies are looking to do is make it all taxable. Not just disbursements. But that is looking to be somewhere down the road from now.
I'm going to retire in about 6 weeks, so looked into what the best options are for my 401K. I learned that if I withdraw it all, the IRS gets 20% right off the top (I'm over 70). If I leave it in, and withdraw a monthly amount, that amount would still be heavily taxed. So I don't know what the best course of action is. Would not mind some suggestions from FReepers.
This is similar, somewhat, to my own reasoning for making a small early withdrawal.
My Roth IRA was (and is) heavily vested in a mutual fund with great exposure to Nvidia and other hot AI chipset companies. The gains over the past couple of years have been incredible. I figured was a good time to lock in some profits, regardless of the 10% early withdrawal, and use the money for various personal and family projects and priorities.
There could be others with the same line of reasoning.