We are looking are help in a retirement investing plan.
My wife and I are both 71, no kids and no plans as of now to leave money to anyone, maybe charities a small amount at the end. We are both in fairly good shape and as others would not like to run out of money in our lifetime.

Our assets are as follows:
one bedroom coop worth $400000
cash $550000
401(for both of us) $450000
total $1,400,000 (none is invested now-0)
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income
social security and pension $72000
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Our yearly expenses are about $60000, and have medicare and supplementary health insurance. We would like to travel a lot and spend more.

We have nothing invested as stated above, but have been doing very small stock trades. We have been in a state of analysis paralysis up to now.

We are looking for ideas of how to invest the money, and how much we can spend per year.

Thanks in advance for any ideas, or sources of information on the internet.