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.
Step 1 â Turn-off the Heater. In case, you have the gas water heater, turn off the gas supply. Give the water heater some time to cool down before you touch any parts. If your water heater has an electric igniter system, you need to turn-off power at the breaker box.