The $5000.00 Complete System Challenge

I would spend the most on speakers. I personally believe they are the one part of a system that will make the most difference especially in the long run, meaning you plan on keeping them. For me next would be the amp -pre -cd player and last - cables.
Just my opinion

Hey..... You go first. Then I get to criticize. The winner is the last person to suggest a phono stage.

IMHO, speakers "deserve" the most $. (Why do I feel I just painted a huge bull's eye on my chest?!). You have an excellent turntable and no CD Player yet, so I assume that vinyl is more important to you than CDs. Next would be an integrated with a good phono stage that provides a good match to whatever cartridge you have. The integrated will give you more sonic value for the $ spent than separates, and thereby allow you to have more $ available for your CD Player, preferably with a digital out. You did not mention ICs so I am assuming you already have them. Down the road you can then add a separate phono stage and a seperate DAC.

I agree on the integrated amp vs separates in this price range. I would spend about 1K on cd, 1.5-2K on integrated amp, and 2-2.5K on speakers. If you are willing to sacrifice the lowest octives, you are going to get better sound per dollar out of stand mount speaker's, although the Maggie's suggested above are a great audio bargain. All suggestions are just rule of thumb, and most rules can and should be broken in pursuit of better sound.