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.
A leaking water heater can be much more than an inconvenienceâif left untended, it can be extremely dangerous! Signs Your Water Heater Is Leaking. Some water heater leaks will be easily visible, with water spraying out of a valve or a crack in the tank. A sudden lack of water coming through the fixtures in your home. Itâs possible that the leak may have put out the pilot light, which would prevent the water heater from heating water.