The best thing you could do is drop in a $150-$170 GPU (See OP), if your PSU can't handle it pickup at a budget PSU from the OP. 650Ti Boost 2GB is a great card.What are the steps I should take if I want to hit 1080p 60fps on most games? In the case of a new GPU, what would you recommend? I'm sure I'd also need a better power source and cooling solution as well, but for gaming would the rest be okay? Or are the returns I'm seeking impossible with that CPU?
Edit - Jesus that's a lot of question marks. I'm sorry if I'm being annoying or anything, I've never built a PC before haha.
Cooling is fine. CPU you can upgrade to an AMD FX8--- if/when you want to, or go Intel, but you'll get a great boost from a new GPU/PSU.
*Specs say 480W PSU so youl should be okay, probably will need some 4pin molex to 6 pin PCI-E adapters though