The observation of the inspiral and merger of compact binaries by the LIGO/Virgo collaboration ushered in a new era in the study of strongfield gravity. We review current and future tests of strong gravity and of the Kerr paradigm with gravitational-wave interferometers, both within a theoryagnostic framework (the parametrized post-Einsteinian formalism) and in the context of specific modified theories of gravity (scalar-tensor, Einstein-dilaton-Gauss-Bonnet, dynamical Chern-Simons, Lorentz-violating, and extra dimensional theories). In this contribution we focus on (i) the information carried by the inspiral radiation, and (ii) recent progress in numerical simulations of compact binary mergers in modified gravity.