Mr. and Mrs. Alan Wagman of Holland, Pa., announce the engagement of their daughter, Rachel Wagman, to Timothy Palilonis, son of Mr. and Mrs. Michael Palilonis of Richboro.

    Rachel is a graduate of Council Rock High School. She graduated from the University of Delaware with Bachelor of Science degree in education and earned a master's degree in reading from Holy Family University. Rachel is an elementary-school teacher in the Central Bucks School District in Doylestown.

    Tim graduated from La Salle High School. He earned a Bachelor of Science degree in business administration with a concentration in finance from Carnegie Mellon University. He is a holder of the right to use the Chartered Financial Analyst designation. Tim is an associate at Black Rock Inc., in Philadelphia.

    Rachel and Tim were engaged on June 21.

    The couple is planning a July wedding.