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.
Flush and Refill a Hot Water Heater. Turn off the gas valve or shut off the electricity breaker that powers the hot water heater. Connect a hose to the drainage valve located at the bottom of the hot water heater. Run the hose into a drain or outside; the water from the hot water heater will drain through it. Close the cold water valve.