what’s a good fishing setup for my little one

[UphillHabit]

I'm thinking about taking my 5-year-old out fishing for the first time. I've seen some basic kids' fishing rods at the local store, but I'm not sure if that's the right way to go. I didn't grow up with fishing, so I could really use some advice on what to look for in a setup that's simple and effective. Mostly, I just want to make it a fun outing for my kid. Any tips on what kind of gear or bait works well for beginners?