I approach it in a different manner than most, it seems. I slide the guard over the butt end.
I just leave an extension of steel dropping down from the ricasso/handle junction to fill the extra gap. Bah. This is hard to explain. Hmm... Think of knives that have no real guard, but have an extension from the tang/blade itself that serves as a small guard. You often see these types of knives with just a wrapped or simple slab handle. That's about what your knife would look like before you slip the guard over the butt and fix it in place with pins or solder or whatever.
If you look carefully at the third pic
in this thread, you can see this bit of steel extending down from the ricasso at the front of the guard. (I didn't clean up the joint very well since this is a beater.)