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.
While no hot water can be a sure sign that the water heater has failed, it could also mean the pilot light is out or the circuit breaker tripped. Examine the Water Examine the water that comes out of the hot faucet. If it appears rusty, this signals an upcoming failure of your water heater. Look for signs of muddy water or increased sediment in the water tank. Attach a hose to the drainage bib on the water heater, turn the unit off and drain it to examine its contents.