The information from the above link is helpful, but the last post was about two and a half years ago and technology has changed a bit since then.
Paper charts are a must. However, the prudent mariner would also have GPS. In fact, I believe a chart plotter is an even better choice. Chart plotters allow you to follow a return route a lot better than simple GPS. It allows you to see land masses while you are navigating. If you plan any night navigation it really helps.
For me, the jump from GPS to chartplotter was as enlightening as both Loran to GPS and charts to Loran.
Good luck with your choice.
Peter
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