Rip LP's to Digital

It's not an expensive system.

Kenwood M1 Amp, Kenwood C1 Preamp, Kenwood KD550 TT w/Lynn Basic Arm - needs new cartridge, Pair Dayton Wright LCM-1 speakers.

I'm wondering if doing cap and other component upgrades to the M1 and C1 (as I've seen on line) is worth it or not. I used to be a tech so the soldering is no problem. I'm guessing those into high end gear look at this as junk but it serves the purpose for now. Not everyone has thousands to spend on stereo components although it might be nice.

Thanks for any input.

Thanks for your responses. The simple route I know. I'd like to use software because I do have some older material that I'd like to digitize and take the pops and clicks out of.

It was suggested to me that an E-Mu 0404 or 1212m both would do a nice job and was wondering what else is available that won't break the bank.

I now use CD's and an iPod in the car and Home and need to set up my TT to go that route as well. All of my iPod recordings are lossless. Eventually I'd like to leave the Apple products to a step up. I download very little from iTunes because I think the sound is inferior and would prefer, when I can, to support products Made in America.

So while I'm not in the Audio buff range I'd like the LP transfers to sound a bit better than they would with a straight transfer from LP to CD with zero processing.

More suggestions? :>)

Yes there are opinions on both sides of the fence on this.
Some say ripping an LP to software allows one to eliminate pops, clicks, hum and preserve dynamics not heard on a CD because of compression etc. while others say a remastered CD of old material will outperform an lP transfer.

The problem is that some LP's I have were never released on CD.

Thank you for the suggestions so far.