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.
You will know when to replace your water heater when you find it has rust and corrosion, it produces cold or luke-warm water, it is older than 10 years, you are constantly finding leaks, or you are not able to drain water through the valve. Look for these signs when determining when your water heater needs to be replaced: Rust and Corrosion: This is the most important factor to identify as the rust will cause the tank to be weak and eventually burst to cause a flood in your home. One of the most common ways to find rust is to see it in your tap water. You can also find it by the pressure relief and temperature valve or the water inlet and outlet connections. If you have not noticed a leak yet, be sure to inspect all around the ...