A magnetic tool for releaseably securing thereto metallic members which are magnetically attractable. The magnetic tool includes a magnetic element securely fastened to a first handle section. The first handle section is removably mounted to a telescoping handle portion of the magnetic tool. The telescoping portion of the magnetic tool allows for extended longitudinal length adjustment of the magnetic tool for the purpose of picking up metallic members from a base surface which is substantially displaced from the user. Removal of the telescoping handle portion of the magnetic tool allows the user to utilize the first handle section over an area having a base surface which is substantially closer to the user. The magnetic tool is constructed in particular for use by a handicapped person where manipulation of a tool of this nature is extremely difficult. Thus, a handicapped person may from one positionally restrained location pick up metallic members from a floor surface or from a particular desk top area.
