Then you TR (True Reincarnate, doable at level 20) you start from level 1 re-levelling your character with a slight more exp to do (TRx1 is ~3,199,000 xp, TRx2 and more is 4,299,000). You keep in a special bank every item you have. Money stay in your inventory. Tomes you have in inventory/bank (not used) goes with all the other equip in the special bank. Tomes used are lost.