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.
Quick Answer. A common sign of a broken water heater is spotting a pool of water on the floor near the tank. Leaking can occur in tanks that are more than six years old. There are several other telltale signs that a water heater needs repair or replacement. Continue Reading.