Question about a set up

My suggestions:

Check out the Audio technica ATLP120. A much better TT than the LP60. 

Far greater sound quality can be had with a 2-channel integrated amplifier. Yamaha makes a fine one at $350.  The AS 301. Has DAC and pnonostage.

I would look into Wharfedale speakers from Music Direct. 

Put your money into the above and forget the subwoofer for now. Can be added later should you choose.

Good luck with your search.

I just looked up the AT turntable suggested by soix. Seems like a great choice. The  the lp120 may be discontinued. The LP30 appears to have better build and tonearm. The TT you choose will have much to do regarding the sonics you obtain from your system. 

Are you fixed on the purchase of a AVR?

I would recommend Blue jeans cable. They have an interconnect called the LC-1 which is a very low capacitance cable which woukd be good between TT and AVR. A very good cable for the money. 

Which speakers did you buy?

The speaker cables mentioned by soix are a good buy.