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.
If the drive belt breaks, your car wonât be driveable. This is because the engine will overheat if the water pump is not running. Also, if your car has a hydraulic power steering, you will lose the steering assist, as the power steering pump will be disabled.