We will still need carbon sequestration 100 years from now. Best to get planting now.
But it needs to be done right with a native mix of forest trees and understory trees, not mono-culture plantations.
Long term in N. America, some species of trees are going to need to move North for them to survive as southern regions become too hot or dry.
It's not just about carbon. Reforestation helps against many of the side effects of climate change: erosion control, flood control, wildlife habitat, air quality, quality of life etc.
In the USA, we can start with the low hanging fruit:
1. Reclaim strip mining lands.
2. Reforest marginal farmlands, that really never should have been cleared. (Steep slopes, flood plains etc.)
3. Reforest areas around cities as those cities contract in size. (ie. Detroit)
4. Urban and street trees (amazing amount of storm water run off control with these and urban shade means less A/C running.)
Reforestation isn't a silver bullet. It alone is not going to stop climate change, but it can help alongside the other things we have to do.