Microsoft Word should still support older Microsoft Works version 6-9 file format (.wps) and allows saving them to other document formats.
Which means using Word is they first choice for this type of conversion. Some features exclusive to new version of Word (like formatting) may not be saved properly though, but mostly there should be no trouble with this conversion using Microsoft Word.
For versions of MS Word prior 2003, you will need to install special plugin from Microsoft called Microsoft Works 6–9 File Converter that allows users to open, work and save Works documents.
If you do not have access to Microsoft Word, you may want to try to get old Microsoft Works installation CDs. These were commonly bundled with new laptops and computers back then, so you may even have one at home.
Unfortunately, open source word processors like LibreOffice Writer or OpenOffice.org Writer do not support saving to WPS format and can only open it.