Tried to open Live Mail but got message "Your Outlook Settings Are Out of Date"  Asked me if I wanted to fix  it and I checked YES.  Then got message "Something went wrong.  We're sorry, but we weren't able to do that.  Error code: 0x80070002"

So what do I do now???

Just got told that I should delete my Microsoft account and then add it back to fix this.   How do I delete and is there any downside of doing so (ie lost mail,  lost contacts etc???)

Original title: Error code 0x80070002