But, but..but, perhaps the OP has no clue that it's a great idea and makes perfect sense to rip to a lossless format, for archiving (as you've noted) and use these lossless tracks to convert from lossless><lossy or lossless><lossless formats...
Makes sense to me..That's exactly what I do..
No need to re-rip your CDs again, if later on you find out that you want/choose a different lossy format to rip/convert to..
I don't know, maybe give the "Pork Chops" a chance..Sorta speak..
Or would you have been less-annoyed, had CDan suggested ripping to WAV?..
Just wondering, is all!..