I'm considering doing a respec to reallocate some points that I've found could be used more effectively elsewhere, however I'm concerned that if I do that I'll lose the levels in combat skills that I've gained and will end up putting the points back into. For example if I have skill level IV in skill XYZ, respec and then put a point back in skill XYZ will I retain skill level IV or will it reset back to skill level I?

Any insight would be GREATLY appreciated!