You'll call me crazy, but let me tell you how I do it.
Like Dave said, I use a piece of micarta, about an inch long behind each bolster. I screw it down just like the handle piece. I use a small pair of dividers and scribe a line to grind to along each edge of the bolster. All my shaping is done on a 10" wheel. I hold the knife horizontal and grind the bolster into the scribe line and into the sacrificial micarta, on all 4 edges. Now turn the knife vertical and blend from the scribe line to the center of the bolster on all 4 edges, moving the knife up and down. I do this to 220 grit or finer, depending on what the handle material is. Now remove the micarta pieces and put the handles on.
Either scribe them or use a fine pencil and mark the line to grind to. Starting at the bolster end, with the knife horizontal to the ground, grind to the line. Turn the knife vertical and blend each edge from scribe line to center moving the knife up and down. Go to a 400 grit belt and finish smoothing and blending, doing it the same way.
If you are going to buff the bolsters, put the sacrificial pieces back on and do the buffing or whatever finish. Now put the handle pieces on and do the final finish.
Do it this way and you'll never have the rolled over edges on the bolsters that are so hard to sand out.
Very little hand sanding is required.
The example I used was with a folder, but this works just as well on fixed blades with bolsters. Just use temporary pins or tape to hold the sacrificial pieces on.