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.
An average water heater tank lasts for eight to 10 years. If your water heater is old and breaks down, you may be better off replacing it, as the average repair costs more than half the average cost of replacement. If a costly part has broken, replacement may be a wise decision, as more parts could soon fail.