Looking to get started. please help

I agree that you have to really think through your prorities. If you want uncomplicated 2 channel sound that will sound superb as your budget allows then good advice for that will follow. A budget is critical. You want a turntable and that alone involves a bit more these days. You need a good and appropriate cartridge and an amp or phono stage that can work with it. Your budget can be blown real fast with that stuff. I recommend an entry level integrated amp a simple turntable with a MM cart a inexpensive phono stage and speakers you like . All this bought used will make it more affordable. I would worry about the TV later. If you are a bass freak then bookshelf speakers with a subwoofer may be your thing, but I would stay away from receivers. Good luck
If you really really want a sub woofer and flexability for TV and movies a different type of system might be best.Then and only then would I even dare think receiver ugh!
P.S. My first venture after a long absence from the hobby was a small tube amp a music hall turntable and CD player and entry level Von Swcheickert VR2s (no lomger avail) but you can find something similiar.

I was definitely thinking a pair of Tekton Mini Lore for speakers.

No doubt the NAD will sound much better than the Onkyo, and the Onkyo does not have bass management, only a subwoofer pre out. You could step up to the NAD C326 to get a sub pre out, or choose a sub with high level input for the NAD C316. The Mini Lore may just satisfy you for bass, or just add a subwoofer later.

The Onkyo has digital inputs because of its internal DAC, so using the NAD, you will need a DAC for the digital inputs. Newer TV's generally use an optical digital, but need more info for iPod, model, docking station (have one or want one)?

I did check your turntable, and it has a built in phono stage, so it will work with any input on the NAD.

"No doubt the NAD will sound much better than the Onkyo,"

Infinite wisdom would suggest that but not in every case. I have the Integra version(DMT-40.4) of the Onkyo TX-8050 and let me tell you, with my Klipsch Heresys in my 13x13 room, it sounds fantastic. The Integra replaced my beloved Luxman R-117 stereo receiver and IMO, it has about, if I had to put a figure on it, 90% of the punch, detail, and overall sound quality. The imaging and soundstage defies it's price point. I was pleasantly surprised how good the combination was. Not to take anything from NAD in which I own a T773 AVR, C542 CD player, and a T175HD pre/pro, but I expect those pieces to sound that good. The Integra was a huge suprise.

Bill

OK thanks everyone. You're all making me think about this hard, which is great.

Again, the budget I am looking at is roughly around $1500. I have a turntable so I am set there until I decide to upgrade. Here is what I KNOW I want...

I want to start with a two speaker system with the possibility of adding in a sub woofer at a later date when I am able to spend more money.

I want a receiver/amp that will allow me to utilize my turntable, ipod, computer and television through my new speakers.

Now... I am going to look through everyone's suggestions!

Thanks everyone!

TLS49... But wouldn't the turntable sound better if I connected through a phono input? The NAD units do not appear to have that.