This is the way I do it.
Works good for me and the whole thing took me about 5-6 minutes including taking the pictures.
What I like about it is that the shoulders are PRECISELY in line and I have a nice radius at the tang/shoulder junction to avoid a stress riser and it actually assists me in my guard fitting later on.
I do a lot like you, Ray, and every one else. I use both my 2X72 Bader and a file and jig IN ADDITION to my mill.
So, first I have a blade that I have cleaned up after forging. I've only done the 36 grit work and left the blade probably .025 thick. I take a small square and make to lines on the ricasso area. One line where I want the shoulders to be, and one about 1/8" further forward for a reference line. You'll see this in a minute.
Now I put on my filing jig just like everyone else. I place it maybe .010 back up the tang from the actual shoulder line. I use the filing jig as my reference and take the blade to my bader and grind away ALMOST to the jig, both the sholder area and sort of set-up the tang planes also. You can see in the second photo that I have a little for filing.
After filing, we are really close to almost being done! As a reference, grinding the bulk material off too me under 60 seconds. Filing up to the jig on both sides of the tang took me 90 seconds! At this point, we have under a 3 minute investment.
Now, I have a table made from 1/2" steel with a bunch of 1/4X20 holes tapped into it that clamps into my mill vise. I had a picture to show the entire thing, but it was way out of focus and I'm too far into this now and sitting here in my underwear, it's raining outside and I don't want to go back out! So, just fill in the blanks - you should be able to see enough here. The blade is clamped with the shoulder area and the tang hanging off the end.