I use a 120-24 volt step-down fed by a Variac. Output goes through a $2 Radio Shack bridge rectifier and a DPDT switch.
I have circuit breakers on the 120 volt input and the DC output. A red light tells me I left it on (had to do that on my soldering iron, too), and an ammeter and voltmeter round it all out.
I also have a giant electrolytic capacitor across the output of the rectifier - probably not necessary.