• THE HAPPY FAMILY photo | Ashlee Simpson, Pete Wentz

Credit: Jamie McCarthy/WireImage

Published: Thursday April 17, 2008 06:00 AM EDT



Mom-to-be Ashlee Simpson and fiancé Pete Wentz are aglow in New York City as Ashlee shows off her new engagement ring, while her Fall Out Boy beau rests his hand near her tummy. A source close to the Simpson family told PEOPLE this weekend that the pair are planning to marry in La Jolla, Calif., in May.