You have free unlimited RESPEC until you reach level 20.
You have the opportunity to level up weapons and try different attribute combinations. If something doesn’t work well for you personally, try a different combination of weapons and armor until you are ready to settle on a longer term plan for your character. Even then, respec is available, it simply isn’t free anymore.
Free respec until level 20 grants you the opportunity to explore New World’s mechanics while you optimize what works for you. You may find this buys you time until you can afford better gear on the market or find new and unique drops in the field.