Traditional IRA contributions can be tax deductible or partially tax deductible based on MAGI. In 2014, an individual with a MAGI of up to $70,000 is eligible for at least partial deductibility. There are no income limits on who can contribute to a traditional IRA.
When the water heater breaks / leaks whatever the pressure tank is going to loose pressure telling the pump to come on and the pump will run continually as it can not build pressure to shut it off.
Tank-style electric water heaters use two heating elements to warm the water, one at the bottom and one nearer the top. Power surges, mineral build-up and age can cause either element to fail or burn out. If your water heater produces only lukewarm water, suspect a bad top element. If it produces hot water in short supply, the probable cause is a bad bottom element. Test both to be certain. Follow these steps to check the heating elements in a hot water heater.