Abstract: Metal and other magnetized objects are often dropped into hard-to-reach, magnetic-rich places where a retrieval tool will often latch onto the surrounding metal, all but the target object. This makes the retrieval of the target object with an ordinary magnet very difficult or sometimes even impossible. The invention relates to a magnetic retrieval tool with a selectively on/off component, allowing the magnetic force to be exerted only when the target becomes localized. Said magnetic force or field, will be encapsulated either by shielding, or by a second magnet that will neutralize the magnetic field turning the magnet “off” until the object is reached.