Lipton portrayed Dan Reid, the Lone Ranger's nephew, on WXYZ Radio's "The Lone Ranger". He initially studied to be a lawyer in New York City, and turned to acting to finance his education. He wrote for several soap operas: "Another World", "The Edge of Night", "Guiding Light", "The Best of Everything", "Return to Peyton Place" and "Capitol". He also acted for over ten years on "The Guiding Light". Lipton studied for two and half years with Stella Adler, four years with Harold Clurman, and two years with Robert Lewis. He also started studying voice and dance (including modern dance and classical ballet), and choreographed a ballet for the American Ballet Theatre.