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 reason this happens is because the thermostat on your water heater has malfunctioned and it is allowing the heating element to remain on at all times instead of cycling on and off as heat is needed. The symptom for this problem is steaming hot water coming out of your faucets which can scald you in just seconds.