6 foot Browning Medallion GT Medium. Thie rod has a short grip and a little shofter action. I'm good with throwing up to 1/2 oz lures on it. You can go custom and get a beautiful heirloom rod, but you can do a LOT worse than this rod For actual fishing quality and spend a lot more on the other rods.
Pick a nice high speed bait caster of your choice. I'm partial to Shimanos and Diawas. Minimum of 6:1, but I'd look at the 7:1's too. spool that puppy up with 10, 12, or 14 lb Silver Thread and get after it. Pick your price breakpoint, but I would guess you should be real happy with a reel costing btw $150-$250.
Put the left over in a savings acct and add a little to it every month and you'll have a fishing account that you can get an upgrade on a fishing combo every year.