If using a Mac XLD is probably your best and maybe only choice, outside of ripping with iTunes. On PC you have lots more choices. Check out the Empirical Audio and Computer Audiophile websites for more information. These are very good sources of information for computer audio in general.
Ripping software for 2014
I'm beginning to work on moving my music to a hard drive. I plan to rip everything in .wav format. I'd appreciate hearing the pros and cons of the ripping software you're using.