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.
The general answer is no longer than a minute. When the trigger is not pulled, the water will cycle through the pump, and the heat from the pump will cause the water to heat, which can ultimately burn and melt the internal components of the washer.