Americans don't save enough for retirement. That's according to the Obama Administration. During his State of the Union Address ... the president announced, he's creating a new employer- sponsored savings account, to help people save for retirement. Tim Pulliam is live tonight to explain what it is. 3 3 It's called My R-A.We talked to people about it tonight - it's receiving mixed reviews. 3 05-10 12-17 1'29-1'34 We asked a few 30-somethings tonight if they are saving enough for retirement.Annie Stringfield 104556 Absolutely not. I have no money saved. Really? Yes. I live pay check to pay check.Jonathan Sanders 104207 When it comes to your retirement, do you feel like you are prepared? Not at all.I had one job where I had a 401k and didn't invest as much as I should.President Obama is hoping to change that with MyRA.This is how it works: The employee sponsored program would allow you to contribute $25 to as little as $5 through payroll deductions - similar to a 401k.Under the plan: Married couples with incomes up to 191K And Singles earning up to 129K, will be able to save up to 15K total in after-tax dollars for up to 30 years.-Savers can keep the same account if they change jobs -Or they can roll it over. -Once an individual's MyRA reaches $15k or after 30 years, the balance will be rolled over to a private account.Some people we talked to say the savings would be too little, others say it's a good way to start saving.AS 104745 I guess I would be interested in it to have just a little bit saved. But it would be my primary source of savings Certified Financial Planner, Titus Pittman agrees. Pittman says MyRa is a good first step to investing - not long-term -- because the investments are too limited. Titus Pittman/Certified Financial Planner 102826 In the My RA plan the only investment is government bonds which generally has very low interest rates. So the question is, is the types of investments inside this plan enough to keep up with inflation and help the person earn money in addition to what they are saving. 3 It's important to note employers will not be required to offer the My RA plan When could the My-R-A plan take effect?