Been fishing a long time also in NWI. I would sugest going with a medium weight rod 6'6 or a 6'9 and a decent spinning reel. If you don't care about catfish or northern a 6"9 medium light would be even better. More balance and lighter weight. Some reels come with several spools. You can line up heavier for catfish or bass and then switch out and go lighter for panfish. That outfit would get you where you want to go. If you dig fishing you will develop a style and possibly a species and branch out to more specific setups.
Brands to look at would be Fenwick, Abu, Lews, Berkley. Walmart actually has some decent stuff. On line retailers like Tackle warehouse are good. I stay away from the Bass Pro. Ive also gotten a lot of top notch tackle and gear from garage sales.
Fish with as many people as you can you will learn something from each person.
Lews is great stuff, and has a wide range of pricing. All the baitcasters I currently use are Lews of various levels.
I was going to head to cabelas tomorrow. I'll plan to walk out with ideas and go from there. It looks like I am within the budget I was hoping for. I will be getting my fishing license at the very least.
You can purchase a fishing license online at https://www.in.gov/dnr/fishwild/5330.htm
I have heard great things about ugly sticks. Bought one for my oldest a few years ago. Used it once and she decided she liked cheerleading more...
I've had some Ugly Sticks in the past. At the time they were heavier for their action/size than other rods, as I believed they used glass blanks. They also had a lot of give (flex) to them for the same reason. I prefer less weight, so something with a carbon or graphite composite blank, etc. I do a lot of moving and casting and carry 3 sometimes 4 rods when I'm fishing to weight is a consideration for me.
Personally as far as reels go, I prefer baitcasters but I have been fishing them for over 40 years. There is a learning curve, but nothing you can't learn. I brought my son into fishing at a very early age with closed face, spin cast reels, then moved him to spinning reels, but he ramped into bait casters as well without issue at all, and he predominantly fishes those now as well.
With fishing as in most things, intended usage (species of fish, type of baits, etc, your fishing style, etc) all play into gear selection.
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