My mom's assisted living costs her over $7,000 monthly. I'm considering moving to Spain so my own long-term care will be cheaper.

Courtesy of Rob Dubitsky

This as-told-to essay is based on a conversation with Rod Dubitsky, 62, a fintech startup founder who lives in New York City. Dubitsky's mother lives in assisted living, which costs upward of $7,000 monthly. Dubitsky said he's considering moving to Spain, where his out-of-pocket costs for long-term care will be lower than in the US. This interview has been edited for length and clarity.