LTJ,
You need to add another resistor to your diagram, at the far right, and only temporarily for analysis purposes. It will represent the load that you're trying to power. To make this work, and determine the value of the temporary resistor, you need to know several things.
First, how much current will your 14 VAC load be drawing? Next, is it a static load, i.e. constant like a lamp, or does it vary over time, like a motor-driven accessory?
Once we have a value for this temporary resistor, from the answers to those questions, then we'll determine the values of R1 and R2. After that hook up the circuit, replacing the temporarily resistor with your desired load.
I have a feeling though that, unless your load is quite small, R1 and R2 will have to be high-power devices (quite high wattage).
For that reason John's solution is better.
Mike