Paul McCartney and Nancy Shevell: Engaged!

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Paul McCartney and Nancy Shevell, his girlfriend of four years, are engaged!

"Nancy and Paul are getting married," a source close to Shevell, 51, a New York City businesswoman, tells People today. "Ring and all – very exciting."

Tamera Mowry, Adam Housley

The Beatles legend, 68, started dating Shevell in the Hamptons in summer 2007, and sources say they've been the "perfect pair" from the start.

"They have the chemistry," the source said. "They're both cool, chill and optimistic."

This will be McCartney's third marriage: He was married Linda McCartney from 1969 until her death in 1998, and then wed Heather Mills in 2002.

While his marriage with Mills ended in a really ugly divorce in 2008, McCartney didn't seem hesitant to give love another shot with Nancy Shevell.

"I just like being in love, and I am," he said of his current partner.

His fiancée quickly won over Paul's kids Heather, 48, Mary, 41, Stella, 39, James, 33, and Beatrice, 7. Congratulations to the soon-to-be newlyweds!

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