Parts List: https://pcpartpicker.com/list/c8wXcT

My previous PC that my friends helped me build finally died after a good few years and I decided to finally upgrade as most of the parts in it are starting to struggle. Just wanted to make sure that I'm not missing anything or ignoring some sort of incompatibilities, and also that ill be able to upgrade later on if needed.

I am getting a message stating "Warning! Some AMD B550 chipset motherboards may need a BIOS update prior to using Vermeer CPUs. Upgrading the BIOS may require a different CPU that is supported by older BIOS revisions." to be honest im somewhat computer illiterate and not sure if this will be actually be an issue, or what to search to check if anyone's able to confirm.

Just a note, the 3070 in there is listed at $700 just as a placeholder for if I can find one for around that price. I will be using my old 1060 until then. Other then that, any parts I should change or take a look at?