Here is a codepen example of how I tackled this for a project I worked on recently:
http://codepen.io/byronj/pen/waOxqM
I added a box-shadow to my main content section. I then added a absolute positioned div at the bottom of my content section that contains a CSS gradient with the content background color on one end and a transparent background on the other end as seen below:
.container {
width: 1024px;
margin: 0 auto;
}
.container article {
background-color: #fff;
margin: -6em auto 10em auto;
padding-top: 2em;
width: 100%;
box-shadow: 0px -2px 20px 2px rgba(0, 0, 0, 0.4);
}
/** GRADIENT **/
.bottom-gradient {
position: absolute;
width: 115%;
height: 60%;
z-index: 1;
bottom: -20px;
background: linear-gradient(to bottom, rgba(255, 255, 255, 0) 0%, rgba(255, 255, 255, 0.59) 10%, white 50%, white 100%);
}
To ensure the content is not covered up by the gradient, I set my "p" elements to position:relative with a z-index of 2, as seen below:
p {
padding: 1em 3em;
position: relative;
z-index: 2;
margin: 1em auto;
font-size: 1.3em;
line-height: 1.5em;
}
For Eric's situation, you would inverse this effect by placing the gradient at the top of the element containing the box-shadow.
Hope this helps.