Stop 401k deductions to pay debt is this smart?

[Lee Prete]

My partner and I are considering stopping all 401k deductions (MAXED YEARLY) to fund debt payoff. I am not sure if this is the correct approach and looking for advice?

We currently have a 2 rental properties and produce around 7k annually in combined profits after all expenses. With combined income that will exceed

135k without deductions we rely on the 39k 401k deduction to lower are tax bracket yearly.

We see the value of getting debt free to accumulate cash to purchase property. On the other hand we do not want to have to give that cash to the irs in additional taxes owed yearly.

Any advice from the BP community would be appreciated. Also if there are any Connecticut investors out there that can share their tax professional contacts that would be great.