Thanks! Yeah it was actually that noob of a question! lol. I did mean to say retreat. I was just unsure if after you completed a phase, the progress was automatically recorded to the raid so you could actually use the retreat option to save your characters and begin the new phase with a different/more appropriate team like Resistance.
In better words, I was wondering if the "lose all progress" was only applicable to the current phase.
Thank you all for answering my question!